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revenue paid by mimosa mining company zimbabwe government

Mineral revenue transparency reforms: Priorities for the ...

 · Apart from mineral royalties, it is difficult to discern mining contribution in other revenue heads like Corporate Income Tax (CIT), Pay as You Earn (PAYE), customs duty and withholding taxes among others. Already, the Zimbabwe Revenue Authority (ZMRA), the country tax administrator is disclosing quarterly and annually revenue performance reports.

Mimosa FY revenue rises to US$270m

 · Mimosa Platinum Mine''s revenue for the full-year to June rose 5% to US$272 million as it delivered all time record production of over 236 000 ounces of platinum group metals (4E). The Source Bermuda-headquartered platinum miner, Aquarius Platinum said 4E production at its 50% owned Zimbabwe unit was higher at 236,067oz from 221,359oz in the ...

Mimosa gives 10% to Zimbabwe locals

 · [miningmx ] — ZIMBABWE''S Mimosa mine, a joint venture between Impala Platinum and Aquarius, has given a 10% stake to locals, a government minister said on Monday, as it aims to meet a controversial law on local ownership.

An Analysis of 2018 national budget statement: a mineral ...

 · In 2015, Zimbabwe Revenue Authority (ZIMRA)''s annual revenue performance report revealed massive cost of the 2.5% royalty rate provided by SMLA to the public purse. By making PGMs houses pay 2.5% royalty rates, it means that government has forgone mineral royalties from the exploitation of PGMs since there is a 2.5% export incentive scheme ...

Kuvimba Got Mines From Company Linked To Tagwirei ...

 · KUVIMBA Mining House Ltd., which the Zimbabwean government says it controls, said it bought its assets from a company linked to a tycoon sanctioned by the …

Mimosa output decreases in Q3

 · Harare – Zvishavane based platinum miner, Mimosa Mining Company''s output for the period between 1 January to 31 March 2019, marginally decreased to 29 000 ounces compared to 30 000 oz during the same period last year. According to the latest quarterly report by parent company Implats, tonnes milled however, remained modest slightly increasing to […]

vacancies mimosa mining company zimbabwe

Mimosa | MINING. Mimosa is wholly owned by Mimosa Investments Limited, a Mauritius-based company jointly held by Implats and Aquarius Platinum Limited (Aquarius) in a 50:50 joint venture.Zimasco piloted platinum mining in Zimbabwe by resuscitating the operation and steadily increasing production to 1,000 tonnes...

Mining Companies Fleecing Taxwoman | NOW DAILY

 · Now Daily Analysis The revelation by Willia Bonyongwe, the wife of Central Intelligence Organization director-general Happyton Bonyongwe and chairperson of the Zimbabwe Revenue Authority (Zimra) board that mining companies are contributing less and less to the fiscus through taxes is quite disturbing. This probably means the death of our big-spending government''s last cash cow.

How Zimbabwe''s New Fiscal Regime Impacts On Mining Sector ...

 · How Zimbabwe''s New Fiscal Regime Impacts On Mining Sector. Totemic. That is the word which perhaps aptly sums up the potential of Zimbabwe''s huge and diverse mineral wealth to propel the country''s socio-economic development agenda.

Mimosa Mining Company invests US$10m in new processing ...

 · ZIMBABWE – Zimbabwe''s second largest Platinum Group of Metals (PGM) Mimosa Mining Company, has invested in a new processing plant worth US$10m that is expected to shore up processing capacity and consequently production.. The company has since secured a processing plant from South Africa to address production inefficiencies, managing director, Mr Fungai Makoni, said in …

Mimosa mining Company Pay & Benefits reviews

 · Average and there is room for improvement. Assistant Mechanical Engineer (Current Employee) - Mimosa Mining Company - December 17, 2012. Start work at 7 am. Safety tail gates or meeting from 7:00 to 7:15 From the safety meeting we go for daily plant checks. There is a production meeting at 07:50 to 08:30 am where jobs for the day are discussed ...

Zimbabwe to Fund White Farmers'' Compensation With Mine Revenue

 · In this article. Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle …

Zimbabweans: Surrounded By Mineral Riches, But Living In ...

 · A 2015 Zimbabwe Open University study on mineral revenue argues that "governments and mining companies promise communities from which …

February 20, 2015

PWYP Zimbabwe played a key role in the Zimbabwe Mining Revenue Transparency Initiative (ZMRTI), a multi-stakeholder scheme similar to the EITI that was created largely as a result of our advocacy work. However, the ZMRTI stalled in 2013 at an early stage of development due to …

Zimbabwe Revenue Authority

The form should be submitted at the Port of Entry to officers of the Radiation Authority of Zimbabwe (RPAZ), prior to clearance of the motor by the Zimbabwe Revenue Authority. A prescribed fee will be paid before tests are conducted for radiation contamination by officers of the Radiation Authority of Zimbabwe (RPAZ).

UNKI MINE (PVT) LTD Company Profile | Harare, Zimbabwe ...

UNKI MINE (PVT) LTD is located in Harare, Zimbabwe and is part of the Metal Ore Mining Industry. UNKI MINE (PVT) LTD has 1200 employees at this location and generates $155.71 million in sales (USD). (Employees figure is estimated, Sales figure is modelled).

Mimosa scoops 3 tax appreciation awards | The Chronicle

 · THE country''s second biggest platinum miner, Mimosa Mining Company, has scooped three tax appreciation awards from the Zimbabwe Revenue …

Does the 2020 national budget have mining fiscal scaffolds ...

 · Interestingly, the 2020 national budget came at a time when government, in October, launched its mining strategy to hit a target of US$12 billion by …

Mystery of sanctioned tycoon''s assets in Zimbabwe revival ...

 · In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of …

Zimbabwe tax foment troubles Aquarius Pt

 · Amendments to Zimbabwe''s national budget for 2014 include making mining royalties non-deductible for income tax purposes. In addition, an export tax on unbeneficiated platinum – aimed at encouraging building of refining facilities in the country – would also be levied.

Zimbabwe Mining & Energy Review Q2 2016 by PRIME MEDIA ...

 · a more conducive regulatory and fiscal framework for the mining industry in the country. Zimbabwe''s three major platinum producers - Zimplats, Mimosa and Unki operated at full capacity in …

Mimosa Mining could cancel expansion plans at platinum ...

 · Zimbabwe -based Mimosa Mining may drop its platinum mine expansion plans if the country places a levy on exports of unprocessed metal.Mimosa Mining is a venture between Aquarius Platinum and Impala Platinum January, the company requested the government to clarify the 15% levy proposal. Initially, the levy was proposed in 2013 in an attempt to boost the mining companies …

Hwange rotten to the core — Audit

 · The audit questions how the company handled a US$115,5 million loan which government, the major shareholder, extended to Hwange during Chitando''s chairmanship in 2016. This, auditors say, came during a period when Hwange was experiencing some improvement in revenue inflows, which attracted a standoff between the board and management.

Zimplats calls for urgent dialogue over rights

 · He was also engaging the finance minister over fees and royalties paid by mining companies, he said. The Reserve Bank of Zimbabwe (RBZ) had also delayed approval of Zimplats'' bid to transfer 10% of its shares into an employee share ownership scheme in pursuit of compliance with indigenisation following the replacement of the minister responsible.

An Analysis of 2018 Budget: A Mineral ...

 · In 2015, Zimbabwe Revenue Authority (ZIMRA)''s annual revenue performance report revealed massive cost of the 2.5% royalty rate provided by SMLA to the public purse. By making PGMs houses pay 2.5% royalty rates, it means that government has forgone mineral royalties from the exploitation of PGMs since there is a 2.5% export incentive scheme ...

ZIMRA Should Disclose Mining Tax Revenue – Mining ...

 · Notably, the Publish What You Pay (PWYP) international campaign which has been embraced by CSOs in Zimbabwe calls for governments to disclose revenue received from the mining sector. Further, PWYP campaign calls for mining companies to publish the payments made to various government arms, to publish why they pay.

Mimosa FY revenue rises to US$270m

 · Mimosa Platinum Mine''s revenue for the full-year to June rose 5% to US$272 million as it delivered all time record production of over 236 000 ounces of platinum group metals (4E). The Source Bermuda-headquartered platinum miner, Aquarius Platinum said 4E production at its 50% owned Zimbabwe …

Mimosa Platinum Mine, Great Dyke region, Zimbabwe

152.7Mt (2018 estimate) Mimosa platinum mine is an underground platinum group metals (PGM) mine located on the Great Dyke in Zimbabwe. Owned by Mimosa Mining Company, a joint venture between Sibanye-Stillwater and Impala Platinum, Mimosa is the oldest platinum mine in Zimbabwe. The mine is accessed through the Wedza and Mtshingwe shafts, of ...

Reprieve for platinum miners

 · Mining companies want Government to ensure that royalties paid by the miners are deductible for income tax purposes. "The proposal to render royalties payable by Mimosa non-deductible for income tax purposes was implemented with effect from the year of assessment beginning on 1 January 2014, and therefore impacted Mimosa from the start of the ...

Mimosa pays $125 million in royalties

 · ZIMBABWE''S second largest platinum miner Mimosa has paid $125 million in royalties amid concerns by the government that mining firms are not significantly contributing to Treasury, a company ...

Government suspends tax on raw platinum exports | The ...

 · Following Government''s call for platinum producers to promote beneficiation, Zimbabwe''s only three operating platinum miners, Unki, Mimosa Mining Company in Zvishavane and Zimplats in …

Mnangagwa challenges mining sector

Chibafa took over from Mimosa Mining Company corporate aff airs executive Elizabeth Nerwande. But the Unki CFO comes in at a time when the industry faces several problems. … e challenges were compounded by the outbreak of Covid-19 last year. Members will be banking on him to negotiate with government and push for policies that

THE CASE OF PLATINUM FOR ZIMBABWE

government revenue is that platinum produced in Zimbabwe is not fully processed, hence fetches less on the market. A look at monthly trends between the international platinum prices and total government revenue, total tax revenue (after removing non-tax revenues from total government revenue…

Zimbabwe to proceed with platinum levy | eBusiness Weekly

 · Zimbabwe has the second biggest known platinum reserves in the world after South Africa. Impala Platinum Mines of South Africa warned earlier this year it would suspend expansion plans for its 50 percent owned Mimosa Mining Company in Zvishavane, if the Government proceeded to effect the tax starting from next year.

Zimbabwe: Aquarius, Impala may close over tax

 · (Bloomberg) — Mimosa Mining Co., a venture between Aquarius Platinum Ltd. and Impala Platinum Holdings Ltd., would shelve an expansion and its sole mine could be idled if Zimbabwe implements a levy on exports of unprocessed metal, a company document shows.. The companies asked Zimbabwe''s government last month to clarify whether they will be charged the 15 percent levy.

Mimosa revenue up 4pc | The Herald

 · Zimbabwe''s largest daily newspaper. Business Reporter Mimosa Mining Company said revenue for the quarter to September 2014 increased by 4 percent to $82 million, from $79 million in the previous ...

Mimosa Mining could cancel expansion plans at platinum ...

 · Zimbabwe-based Mimosa Mining may drop its platinum mine expansion plans if the country places a levy on exports of unprocessed metal. Mimosa Mining is a venture between Aquarius Platinum and Impala Platinum. In January, the company requested the government …

Mining Zimbabwe

Mining Zimbabwe June 30 at 1:06 AM · INVICTUS Energy, which is developing the Cabora Bassa oil and gas project in Muzarabani, has embarked on a recruitment drive targeting to employ 100 locals ahead of the firm''s seismic acquisition campaign.

Does the 2020 National Budget have mining fiscal scaffolds ...

The plans by Mimosa to purchase or lease platinum claims is a reminder to government that there is potential to raise revenue from released platinum claims, for example. There is lack of urgency to comply with the Constitution when it comes to transparency and accountability in the negotiations and performance monitoring of mining agreements.

South African mining companies excelling in Zimbabwe ...

 · Mining Zimbabwe – our core focus is the Zimbabwe Mining Industry, Zimbabwe Mining News, trends, new technologies being developed and used to improve this crucial sector, as well as new opportunities and investments arising from it. Telephone: 0242 777728 VOIP: +263 8644 276 585

Chamber of Mines of Zimbabwe

The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament. The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional bodies and individuals.