PROCEDURES AND CRITERIA FOR OBTAINING AND MAINTAINING MINING CLAIMS IN ZIMBABWE.

 PROCEDURES AND CRITERIA FOR OBTAINING AND MAINTAINING MINING CLAIMS IN ZIMBABWE.

Zimbabwe Business is not only open to foreign investors but also domestic investors, you and me!

OPPORTUNITIES

  1. Government targets to develop the following mineral value chains:
  2. Gold ore to bullion processing;
  3. Diamond cutting and polishing;
  4.  Base metals (nickel, copper, iron, cobalt) recovery from PGMs;
  5. Coal to Coke;
  6.  Phosphate to fertilizer
  7.  Chrome to ferrochrome.

 

Foreign Investors are allowed to own 100% shareholding for mining operations in all minerals.

Before starting operations foreign investors are required to register a local company and apply for an investment license from the Zimbabwe Investment and Development Agency (ZIDA). The newly registered company can then apply for a prospecting license from any Ministry of Mines and Mining Development Offices.

  • Any person who is a permanent resident of Zimbabwe and above the age of 18 may take out a prospecting license at any Ministry of Mines and Mining Development office.
  • Each Prospecting License is valid for two years.
  • A holder of a Prospecting License automatically acquires the rights of prospecting and pegging mining claims anywhere in Zimbabwe.
  • When a Prospecting Licence holder has identified a mineral deposit that he/she is interested in, he/she appoints an agent or an Approved Prospector to peg mining claims on his behalf.
  • The agent is required to physically peg the area by marking the deposit with a Discovery Peg. He/She should also post Prospecting, Discovery, and Registration Notices on the ground. The notices must be posted in a conspicuous manner to alert other prospectors.
  • Before posting these notices, the agent is required to inform/or seek consent from the landowner of his intention to prospect.

NB: Consent is only sought from the landowner if prospecting on a farm less than 100 hectares, otherwise the prospector is only required to inform the farm/landowner in writing either by registered mail or delivery by hand.

All areas classified as not open to prospecting and pegging or reserved against prospecting and pegging cannot be pegged, e.g., cultivated lands, dip tanks, Dams, etc.

Each Prospecting License can peg up to a maximum of 10 Ha for precious minerals and 25 Ha for base minerals.

An application for registration must be submitted to the Ministry of Mines and Mining Development offices. The application must have copies of the following attachments:

  1. Prospecting license(s).
  2. Prospecting Notice.
  3. Discovery Notice (Base Minerals).
  4. Notification of intention to prospect to the landowner.
  5. A map in triplicate to the scale of 1:25000.

If the Provincial Mining Director is satisfied that all pegging procedures have been followed he shall issue a certificate of registration upon payment of the gazetted fee. This allows the holder to start mining operations subject to meeting other obligations like Environmental Impact Assessment (EIA).

Within three months from the date of registration, the miner is required to erect permanent beacons on the ground.

All precious mineral claims are supposed to be continuously worked on in order to obtain renewal of title. Claims have a 12 month tenure after which they shall expire or be renewed.

Gold and other precious metal claims are inspected by production and capital expenditure. Base metal claims can be protected by payment.

If a mining claim is transferred or sold, a Certificate of Registration After Transfer shall be issued by the Ministry of Mines and Mining Development.

Failure to renew title will result in the forfeiture of a mining claim. Furthermore, loss of title can be through cancellation or abandonment.

Talk to us today 

Comments

Post a Comment

Popular posts from this blog

WORK OR BUSINESS PERMIT APPLICATIONS, WAIVER OR WAIVER EXEMPTIONS

  WHAT IS A WAIVER OR A WAIVER EXEMPTIONS Where certain requirements cannot be fulfilled, a special waiver request may be considered by the Department of Home Affairs (DHA) when submitted in terms of section 31(2)(c) of the Immigration Act, 2002, as amended. A waiver application is thus (a formal written request to the DHA to set aside certain prescribed requirements for a visa in any given category). This means that companies and/or individuals may, for good cause, be exempted from certain prescribed requirements. WHAT NECESSITATES THE NEED FOR A WAIVER? A waiver letter can be submitted with the General Work Visa application in lieu of the Department of Labour Certificate. The employer/applicant may have received a negative recommendation from the Department of Labour. The applicant may not be able to produce an evaluation from the South African Qualifications Authority (SAQA) of their foreign qualifications. The applicant may not be able to travel abroad to their country ...
Read more

A PARENT/HOLDING COMPANY IN SOUTH AFRICA

  A PARENT/HOLDING COMPANY IN SOUTH AFRICA   The structural advantages of Holding Structures (most commonly known as Holding Companies) can help you manage multiple services, products, and even businesses under one Holding Company. Here’s the breakdown on Holding Companies. A Holding Company is the mother ship. It holds various businesses within one corporate entity. That means it’s the perfect way to structure various services or products within one corporate group without having to keep them all within one company. Thousands of South Africans use a holding structure to set up their business. This structure can limit financial risk and assist you with branching out to new industries. Click here to read more. WHY CHOOSE A HOLDING COMPANY? A Holding Company is perfect for entrepreneurs looking to branch out to new business prospects; prospects that don’t quite fit into their existing companies. It’s also great for business owners who want to compartmentalize diffe...
Read more

FOREIGN SUBSIDIARY BUSINESS SET UP SOUTH AFRICA

  SET UP A FOREIGN BRANCH IN SOUTH AFRICA A foreign company may conduct business in South Africa in its own name by establishing a branch office registered as an “external company” or may instead elect to incorporate a wholly-owned subsidiary of the foreign company. Our multidisciplinary team of consultants and chartered accountants (SA) and attorneys are well-placed to provide your company with a roadmap to operate in South Africa. This includes an initial consultation to determine whether Branch or Subsidiary is more suited for your operations, filing annual returns, and offering complete accounting services. FOREIGN BRANCH The Companies Act, of 2008, defines a company that is incorporated outside of South Africa as a “foreign company”. A forei...
Read more