Government to standardise mining levies

By ZBC Reporter
GOVERNMENT says it is working to ensure mining levies charged by local authorities are standardised.
With local authorities charging different levies to companies undertaking mining activities in their areas, government feels there is need to standardise the rates.
This was revealed by Mines and Mineral Development Minister Honourable Winston Chitando when he toured Yangshen Granite Mining Company in Maramba Pfungwe this Thursday.
“We would like all local authorities to charges standardise levies they charge on mining companies,” said the Minister.
Mashonaland East Minister of State, Aplonia Munzverengwi noted that value addition and beneficiation will boost the provincial economy.
“I am very happy that we have a new company that is into value addition which I believe will boost our economy in the province,” said the resident minister
The mine which commenced operations in October last year currently produces 100 blocks of granite per month and is on course to establish a polishing plant.
Mining companies extracting minerals are subject to various taxes and levies. These taxes constitute the country’s mining fiscal regime.
Zimbabwe has a huge and highly diversified mineral resource base dominated by two prominent geological features namely the famous Great Dyke and the ancient Greenstone Belts, also known as Gold Belts.
The Great Dyke is a layered igneous complex extending north-south for about 550 km. The Great Dyke plays host to the world’s largest high grade chromite resource base.  Zimbabwe has the world’s second largest resource of platinum group of metals as well as significant reserves of copper and nickel.