Albany, NY -- (SBWIRE) -- 02/27/2015 -- Synopsis

Timetric's Zimbabwean fiscal regime report outlines governing bodies, laws, licenses, rights, obligations and tax-related information for six commodities: coal, copper, gold, nickel, diamond and platinum.

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Executive summary

Zimbabwe is rich in mineral resources including gold, nickel, copper, zinc lead and minerals used in industrial processes (limestone, phosphate and dolomite). The country has resources of the platinum group of minerals (PGMs). Zimbabwe's mining industry is governed by the Ministry of Mines and Mining Development. The Mines and Mineral Act of 1961 is the main act consolidating and amending laws related to mines and minerals.

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Scope

The report outlines Zimbabwe's governing bodies, laws, licenses, rights, obligations and tax-related information which includes royalty, corporate income tax, capital gains tax, presumptive tax, withholding tax, customs and excise incentives, fiscal incentives, loss carry forward and value added tax (VAT).

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Reasons to buy

Gain an overview of Zimbawe's's mining fiscal regime.

Key highlights

* Ministry of Mines and Mining Development facilitate and regulate sustainable mining, value add and the marketing of the country's mineral resources

* Minerals Marketing Corporation of Zimbabwe is an exclusive agent for marketing and selling of all minerals produced in Zimbabwe except silver and gold

* The Mines and Mineral Act chapter 21:05 of 1996 governs the mining sector in Zimbabwe

* Base Minerals Export Control Act regulate the export of base minerals from Zimbabwe.

Table Of Content

1 Executive Summary

2 The Zimbabwean Mining Industry – Governing Bodies
2.1 Ministry of Mines and Mining Development
2.2 Minerals Marketing Authority of Zimbabwe (MMCZ)
2.3 Environmental Management Agency

3 The Zimbabwean Mining Industry – Governing Laws
3.1 Mines and Minerals Act
3.2 Base Minerals Export Control Act
3.3 The Zimbabwe Mining Development Corporation Act
3.4 Environmental Management Act

4 The Zimbabwean Mining Industry – Mining Regulations
4.1 Ordinary or Special Prospecting License
4.2 Exclusive Prospecting Order
4.3 Mining Lease and Special Mining Lease
4.4 Special Grant

5 The Zimbabwean Mining Industry – Rights and Obligations
5.1 Rights
5.2 Obligations

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