Zimbabwe’s Mining Laws on Spotlight at Joburg Briefing

Mining in Zimbawe (Photo: African Chrome Fields).

Zimbabwe’s Permanent Secretary in the Mines and Minerals Ministry, Munesu Munodawafa, is expected to address delegates at the Zimbabwe Mining and Tax Law Briefing to be held on the 22th of May in Johannesburg, South Africa.

The briefing is expected to demystify and give insight into the legal framework around mining in Zimbabwe ahead of the Mines and Minerals Bill expected to be passed into law before the end of May 2018.

The briefing which will see top delegates in mining and law engaging in high-level discussions, will look at the Policy, Regulation and Mineral Tax Regime in Zimbabwe.

Speakers include Lyman Mlambo, Chairman & Mineral Economist of the Institute of Mining Research University of Zimbabwe; Vengai Madzima, Partner of Titan Law; Itayi Ndudzo and Jacob Mutevedzi of Clairwood Chambers Zimbabwe and Steve Matoushaya, Tax Director of KPMG Zimbabwe.

Zimbabwe has removed the local ownership requirement for foreign investment, except for the diamond and platinum sectors in a major policy shake-up by the new administration.

Zimbabwe’s Minister of Foreign Affairs Sibusiso Moyo has hinted that Zimbabwe will drop a requirement that mining companies must list on the local stock exchange from a new mining act, a move which will renew investor interest in the mining sector.

Since taking over, President Emmerson Mnangagwa, has declared that Zimbabwe is open for business but the message has been met with skepticism by mining companies and investors.