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Revenue Paid By Mimosa Mining Company Zimbabwe Government

TheZimbabwe 2019 National Budget

Mining With effect from 01/01/19 the definition of the capital Government from the Consolidated Revenue Fund or from funds established in terms of the Public Finance successor company of the Zimbabwe Electricity Supply Authority from a trust fund credited with Get price

FACT SHEET MIMOSA

The Government of Zimbabwe has been pursuing greater participation in the mining sector by indigenous Zimbabweans The company continues to engage with the government with respect to agreeing plans in this regard INDIGENISATION Mimosa production 2013 2014 2015 Platinum in concentrate Palladium in concentrate Rhodium in concentrate (Koz) 100 3 Get price

Mimosa invests $10m

Nov 05 2019Mr Makoni said the processing plant will increase the miner's recovery capacity by at least 1 2 percent of handled ore which translates to between 1 500 and 2 000 ounces per month The investment by Mimosa mining company is in sync with Government efforts to grow the mining sector from a US$2 7 billion export industry to US$12 billion by 2023 Get price

New Airzim planes must start generating revenue

Jan 25 2020Lets see The worlds airlines price their fares in USD because of costs If you are buying your ticket in Zimbabwe you have to pay in Zim dollars If the Zim government converts the fare using the rigged exchange rate then it is a sure way to go bankrupt very quickly Get price

PAINFUL PARADOXES MINING CRISIS AND REGIONAL

PAINFUL PARADOXES MINING CRISIS AND REGIONAL CAPITAL IN ZIMBABWE by Richard Saunders Introduction Painful Paradoxes Mimosa Platinum Mine Implats Aquarius SA Australia 30 2001 in South Africa under threat of arrest in Zimbabwe while government Get price

Working at Mimosa mining Company Employee Reviews

Mimosa mining company is goal oriented company with main pillars safety people productivity and the community It is company that takes care o its employees n the community the most important lesson i learnt there is safety health and environment which was the basis of all activities that took place the hardest part of working there was having to adapt to a male dominated working Get price

Mineral revenue transparency reforms Priorities for the

Dec 29 2017Apart 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 Get price

Implats to further engage Government on investments

Sep 08 2019In a statement the mining group which operates Zimbabwe's largest platinum producer Zimplats and Mimosa Mining Company said efforts to engage Government on the economic front were underway "In Zimbabwe efforts to maintain open and constructive engagement with the Government will continue amid a challenging economic and political Get price

Zim's mining sector bleeds as YTD revenue falls

Aug 29 2019TAURAI MANGUDHLA Zimbabwe's mining sector is bleeding as revenue in the first seven months fell short of target on the back of low prices commodity prices on the global market foreign currency shortages and rolling power cuts that have resulted in ferrochrome producers more than halving their production Get price

Zimbabwe's Tax System

The research focused on Zimbabwe's tax system It gives the historical context of taxation tracing the major changes in the types structures and administration of taxes from the pre-colonial era up to 2014 An analysis on the performances of the various tax heads administered by Zimbabwe Revenue Get price

Mimosa govt in talks over platinum tax

Jan 29 2016HARARE - Platinum miner Aquarius Platinum Limited (Aquarius) — a 50 percent shareholder in Zimbabwe's second largest platinum producer Mimosa — is in talks with government over the official gazetting of amendments to export tax on un-beneficiated platinum In a statement accompanying the grou Get price

Mineral royalties and other mining

MIneral royaltIes anD other MInIng-speCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are in principle directed at the net value of the mineral resource after the deduction of costs of production including normal Get price

Zim losing US$400m to oil pipeline cartels

ZIMBABWE is losing US$400 million annually in potential oil revenue due to Sakunda Holdings' untenable monopoly over the Beira-Harare fuel pipeline it has emerged Sources in government and the oil sector told the Zimbabwe Independent this week that Get price

THE COMPANY

within our sphere of influence including private companies government departments NGOs mines schools hospitals religious organisations home projects and the public in general We also prepare and supply grocery hampers to all employees at Mimosa Mining Company and Sabi Gold Mine and has been doing so effectively for a Get price

Sanctions The EU US and post

In 2016 most diamond mining in Marange (including Mbada and Marange Resources) was consolidated under the government's Zimbabwe Consolidated Diamond Company (Pvt) Ltd leading to protracted litigation and then unbundling/demergers in the post-Mugabe era Of all 23 wholly-owned government mines nationally only three are running Get price

Mimosa invests $10m

Zimbabwe Mining Minerals and Fuel Resources

Zimbabwe's indigenisation law states that all foreign businesses having more than $500 000 net assets should allow 51% of local operations to be handled by the Zimbabwean government This has led to widespread discord among the foreign mining companies which have the ability to develop the Zimbabwean mining sector to its full potential Get price

Clarity consistency elude indigenisation policy

Jan 16 2015A top local mining consultant Chris Hokonya said in the five years between 2007 and 2012 Zimbabwe Platinum Mines and Mimosa planned to have invested in excess of US$2 billion but the companies slowed down their capitalisation "I think we need to look at bigger projects Zimbabwe Platinum Mines Mimosa Mining Company Get price

Reprieve for platinum miners

Feb 14 2016Mining 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 Get price

Mimosa hands over mining equipment to small

Mimosa Platinum mine executive chairman Mr Wiston Chitando told Mines and Mining Development Minister Walter Chidhakwa during the company's handover ceremony of mining equipment to small- scale miners in Zvishavane last week that the company has been compliant in paying Government taxes dividends local and foreign suppliers as well as local Get price

Zimbabwe to make platinum and diamond miners exempt from

Zimbabwe will consider applications from companies mining platinum or diamonds to be exempt from a requirement that they be at least 51% owned by black citizens of the country The government wants companies to show they have a plan to achieve compliance however before it will consider granting waivers mines minister Winston Chitando said in Get price

Can data driven advocacy change the mineral revenue

Sep 16 2017Mineral income per capita As an example local government can divide the total annual revenue paid by mining companies with the official number of the population size in their district According to 2012 Zimstat population census data Mhondoro-Ngezi had a population of 104 342 people Get price

Corporate income taxes mining royalties and other mining

PwC Corporate income taxes mining royalties and other mining taxes—2012 update 3 as "ring fencing" The Ghana government in the 2012 Budget Statement proposed an increase to the corporate income tax rate from 25% to 35% and an additional tax of 10% on mining companies Ghana's proposed tax increases are likely to take Get price

Ministry of Mines and Mining Development

Welcome to the Ministry of Mines and Mining Development The Ministry of Mines and Mining Development has its key deliverable as the generation of revenue for the Nation of Zimbabwe through mining In the whole mining value chain the Ministry does business with Get price

BOREHOLE DRILLING

These include JM Construction Mimosa Mining Company AA Mines Government Departments Sabi Gold Mines and Non Governmental Organizations in the area such as World Vision Zimbabwe Care International Red Cross Zvishavane Water Project Africare Bethany Helpage and many more Get price

Mimosa Mining Company donates fire truck

Jun 18 2018Midlands Reporter Mimosa Mining Company last week donated a fire truck valued at $220 000 to Gweru City Council Addressing a council fire tender programme Midlands Minister of State Owen Ncube said the donation was timely and a generous gesture by Mimosa Mining Company "It is my pleasure and honour to join the special occasion Get price

Most

The SEZ covers special mining grants issued to Karo Zimbabwe in the Great Dyke and will see Karo's platinum mining project entitled to numerous fiscal incentives Impala Platinum (Implats) owns an 87% stake in Zimbabwean company Zimplats Zimplats chairman Sydney Mufamadi (who was a South African government minister from 1994 to 2008) in late Get price

Mimosa sees decrease in milled platinum in Q1

PLATINUM producer Mimosa Mining Company has reported a 2 1 percent decrease in milled platinum to 702 000 tonnes in the first quarter ended September 30 2018 In its production update for the period under review the firm attributed the decrease to planned maintenance at Mimosa during the Get price

Mimosa stealing from government?

Dec 23 2019A strong source from the company has however revealed to Mining Zimbabwe that the main reason why Mimosa chickened out on constructing its own platinum smelter in the country is the fact that sometime late this year the company found diamonds at its Zvishavane Mine which it is shipping out together with its platinum to South Africa Get price

Economy of Zimbabwe

The economy of Zimbabwe is mainly made of tertiary industry which makes up to 60% of the total GDP as of 2017 Zimbabwe has the second biggest informal economy as a share of its economy which has a score of 60 6% Agriculture and mining largely contribute to exports Get price

Foreign investors now eligible to participate in the

Harare – The Financial Securities Exchange (Private Limited) in a notice directed to all capital market participants the investing public and other stakeholders on Friday said Old Mutual Zimbabwe Limited (OMZIL) Class B Shares can now be bought and sold by non-indigenous investors Get price

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