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LocalNews

Mining fees up by more than 800 per cent

The Minister of Mines and Mining Development Hon Winston Chitando has in terms of section 403 of the Mines and Minerals Act [Chapter 21:05] raised mining fees by over 800 percent pegging the fees against the United States Dollar.

An Ordinary prospecting licence that was previously pegged at RTGS$1000,00 has been raised to US$100,00 about RTGS$8 300 according to the current interbank rate an upward percent of over 800 while a Special prospecting licence is now going for US$750,00.

Application for revocation of forfeiture is now US$1 000,00, while an application for an EPO (Non-refundable) is now US$2 000,00. Application for a mining lease (Non-refundable) US$2 000,00; application for a special mining lease is now pegged at US$5 000,00 while an application for protection against forfeiture is now going for US$100,00. The minister also pegged an application for a special grant to mine part XX (non-refundable) to US$2 000,00 while duplicate Prospecting Licence is now going for US$100,00.

REGISTRATIONS

Registration as an approved prospector valid for 5 years is now US$4 000,00 and the registration fee for base minerals (Special block) is now US$750,00 while registration for toll elution plants US$1 000,00.

Registration for a special grant – Part XIX is now US$1 000,00 and registration to mine base minerals (Ordinary block) US$400,00 while Registration to deal in Precious Stones (Valid for 5 years) has been pegged at US$20 000,00.

Duplicate Certificate of Registration is now pegged at US$150,00; Registration of a mining lease at US$5 000,00; Application for registration of precious metal block US$200,00; Registration of precious stones blocks is now US$200,00; Registration fee for a Site is now at US$50,00 while registration of a special mining lease is now at US$10 000,00. MiningZimbabwe

S.I. 44 of 2020 Mining (General) (Amendment) Regulations, 2020 (No. 24)

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