https://www.miningweekly.com

Mwana welcomes Zimbabwe gold royalty reduction

Mwana welcomes Zimbabwe gold royalty reduction

Photo by Bloomberg

15th September 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Multicommodity miner Mwana Africa has welcomed the Zimbabwe government’s decision to reduce the royalty on Zimbabwean gold producers from 7% to 5%.

Mwana operates the Freda Rebecca gold mine in Zimbabwe’s Mashonaland Central province.

Mwana CEO Kalaa Mpinga said the company had actively engaged with government on this issue, adding that it was very pleasing that – in a spirit of understanding and cooperation – government had recognised the challenges inherent in the gold mining industry at present.

"The reduction in the gold royalty rate will provide a welcome financial boost to Freda Rebecca and Mwana," he noted.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.23 0.266s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: