The five types of titles/permits which can be obtained are: reconnaissance licence, exploration licence, mining concession, mining certificate and mining pass. The most important of these for medium and large scale projects are the exploration licenses (for the exploration phase) and the mining concessions (for the mining/production phase).
Mutanga's PEA had envisaged an 11-year mine, with pre-production capex of about US$121 million. At a long-term uranium price of $58/lb, the base case project economics indicated an after-tax NPV8...
The Zambia Institute of Certified Accountants (ZICA) The Zambia Association of Manufacturers in particular represents a large number of companies that can offer a range of supporting services to the mining and minerals industry, thus permitting incoming companies to operate on a low-cost basis.
Zambian government to limit mining licences to five per company 0. By Staff Writer on October 18, 2022 Mining Staff Writer on October 18, 2022 Mining
Exploration and development company GoviEx Uranium has received a letter from Zambia's Mining Cadastre department notifying it that the previously cancelled Chirundu mining licence has been ...
Zambia says the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country's licensing system. The ministry of mines ...
Mar 29, 2022. ZAMBIA will limit the number of mining licences a mining company can hold at one time in order to curb speculation and promote investment, said Reuters. Citing Paul Kabuswe, Zambia's mines minister, the news agency said an audit of mining licences held by firms confirmed its concerns of a concentration of properties owned by ...
According to Mining Africa Year Book latest updates the mining licence was granted for an initial 25-year period. The Kitumba Project is located in west-central Zambia, about 200km northwest of the capital Lusaka and covers 163 km2 within the existing Mumbwa prospecting licence 8589-HQ-LPL.
Under Zambia's Income Tax Act, the corporate income tax rate applicable to companies carrying out mining operations is 30%. The variable profits tax of up to 15% no longer applies. However, there is a limit on the deduction of losses to 50% of taxable income.
First Mining DRC-ZAMBIA is published 6 times per annum: Jan/Feb, Mar/Apr, May/Jun, Jul/Aug Sept/Oct and Nov/Dec. ... for which the company said it has submitted a mining license application ...
A Small-Scale Mining Licence is issued under Part III, Division III, sections 30 and 31 of the Mines and Minerals Development Act. The small-scale mining licence may only be granted to a citizen-owned company in which 50.1% equity is owned by Zambian citizens.
"Initial process audit findings have confirmed our fears that some companies own too many mining rights, using either a single or multiple companies with the same beneficial owners," Mines Minister Paul Kabuswe told a news briefing. The audit, which is ongoing, revealed that some companies owned as many as 50 licences.
The processing facilities have partnered with 3 existing licence holders out of a total of 3666 Licences in Zambia. The Government encourages several companies to invest in the mining sector and some have specialised only in processing materials such as Karma Limited, the subject of the current debate.
Accordingly, an artisanal mining licence can only be granted to a Zambian citizen or a cooperative wholly composed of Zambian citizens. Section 13(3) of the Mines Act imposes restrictions on the types of companies which can hold a small-scale mining licence or a small-scale exploration licence.
Transfer of mining licence 67. Transfer of control of company 68. Alteration of exploration or mining area 69. Mergers or coordination of mining operations 70. Abandonment of land subject to mining or non-mining right 71. Surrender of mining right or mineral processing licence ... ENACTED by the Parliament of Zambia PART I PRELIMINARY 1.
Zambia possesses one of the world's highest-grade deposits of copper and is ranked the seventh largest copper producer in the world. In addition, Zambia is home to small, exploitable deposits of cobalt, nickel, and manganese. Copper contributes over 70 percent of the country's foreign export earnings.
ZAMBIA will limit the number of mining licences a mining company can hold at one time in order to curb speculation and promote investment, said Reuters. Citing Paul Kabuswe, Zambia's mines minister, the news agency said an audit of mining licences held by firms confirmed its concerns of a concentration of properties owned by certain firms.
Generally, the amount that will be charged for the mining license depends on the nature of the work that is to be done by the professional. Officially, the Possess or Purchase License costs KW30,000. However, other charges, including the processing fees, the consultancy fees, and other related fees make this quoted amount way higher.
The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to provide a further update on results of its preliminary drilling programme at the Eureka project on the copper-gold small scale mining licence number 22134-HQ-SML (" Eureka Licence") located in the Central part of The Republic of Zambia ("Eureka Project") and copper-gold ...
The Property is located in the boundaries of large-scale exploration licence in the Manyinga District of North-Western Province, Republic of Zambia. The Project is approximately 255km west of the established mining centre of Solwezi. The town of Solwezi is adjacent to First Quantum Mineral's Kansanshi copper mine and smelter.
October 19, 2022. AA. []Zambia says the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country's licensing system. []The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public complaints about a ...
Mining Rights (Artisanal) Licence (AMR) This type of license is only given to indeginous Zambians and registered cooporatives Duly completed Form I with geographical coordinates of the area of interest which should fit the predefined cadastral grid as per form I. Environmental commitment plan
Zambia's mining portal. Wednesday, October 19 2022 Latest Updates! 2023 National Budget measures will help to revitalise the mining industry, says Chamber of Mines; ... Kabwe mining licence reinstated. April 24, 2018. Global bank to help drive mining sector growth in Zambia. April 24, 2018.
A truck is loaded with rocks at a copper mine in Lumwana, Zambia, in this undated handout obtained by Reuters on April 4, 2011. REUTERS/Equinox-Tim Lofthouse/Handout The Zambian government said on Thursday that it has instituted a serious audit of how mining licenses were issued in the past.
Zambia to develop policy prior to issuing uranium mining licenses Zambia has not given out any license for the mining of uranium because it is a dangerous mineral, the country s mines minister has sa Minister Kalombo Mwansa was responding to chief Munyumbwe s presentation to the House of Chiefs, The Post reported on May 31, 2006...
Since acquiring the Chirundu Mining License, GoviEx has ensured all statutory reports and payments have been made, and in addition has expanded its Community and Social Responsibility programs...
The investor has to register her business with the Patent And Companies Registration Agency (PACRA). Investors have to submit forms ("Form 2:Application for Incorporation", "Form 5: Declaration of Consent to act as a Director or Secretary", Form 11: Declaration of compliance) and pay related fees (source: World Bank, Doing Business 2018).
A Mining License for all minerals other than energy minerals can be issued with a maximum term of no more than 25 years with a possibility of extension of a maximum duration of 25 years. Mining licenses for energy minerals shall have a maximum term of no more than 30 years with a possibility of extension for an additional period of 15 years.
• Proposals for employment and training of citizens of Zambia • Tax clearance certificate (issued under Income Tax Act (Cap. 323)) ... Large Scale Mining License Not later than 1 year before expiry of License Mineral Processing License Not later than 9O days before expiry of license.
This Public Portal provides a spatial view into the mining cadastre data for Namibia and is intended to improve stakeholder communications, reduce corruption and improve transparency in the Namibia mining sector. Zambia Mining Cadastre Map Portal ... Geology (100) Created with Raphaël 2.1.0. undefined. Restricted (100) Created with Raphaël 2. ...
A primary mining licence confers on the holder the exclusive right to carry on prospecting and mining operations in the mining area. It is granted for an initial period of up to seven years and is renewable. The law does not specify either the number of years for which the licence may be renewed or the number of times that it may be renewed.
Cur- rently, the monetary cost of obtaining a mining licence is K48 000 (US$2 400) for large-scale miners, K4 500 (US$225) for small-scale miners, and K900 (US$45) for artisanal miners. In addition to the monetary costs, applicants for a mining licence incur other costs such as environmental impact assessments, obtaining land coordinates etc.
"Initial process audit findings have confirmed our fears that some companies own too many mining rights, using either a single or multiple companies with the same beneficial owners," Mines...
The government of Zambia has limited the number of mining licences to be acquired by companies. The country's mines minister Paul Kabuswe made the announcement and said the move aims to curb speculation and promote investment. Mining firms will now be restricted to five licences and those that need more will have to justify.
A mining licence applies to anyone intending to carry on any artisanal, small or large-scale mining. An application for a mining licence is made to the director of mining cadastre in a...
