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Mthuli Ncube News


Finance Minister Mthuli Ncube last month proposed doubling the gold royalty rate to 10% for gold sold above $2 501/oz.
Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax
17th December 2025 By: Reuters

Zimbabwe has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups. A royalty rate of 5% would... 


An image of tBlanket mine
Caledonia’s Blanket mine profitability exposed to potential royalty changes
1st December 2025 By: Tasneem Bulbulia

London-listed Caledonia Minerals Corporation’s operating Blanket gold mine, in Zimbabwe, is expecting a lower level of profitability and cash generation relative to current market expectations, if... 


Molten gold
Zimbabwe to hike royalties on gold producers to cash in on recent record prices
28th November 2025 By: Reuters

Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday. As part of a raft of revenue... 


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