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Zimbabwe gold production giant wants royalty shake-up

Padenga Holdings Limited has called on government to review its gold royalty framework, urging authorities to reduce the 10% levy applied when prices exceed US$5 000 per ounce, warning that it could hinder growth and investment.The group, …

Published: 9 hrs ago | 329 | by Staff reporter

Blow for Zimra in Zimplats royalty dispute

The High Court has ruled that Zimbabwe Platinum Mines (Zimplats), a subsidiary of South Africa's Impala Platinum (Implats), is not liable to pay mining royalties on matte and concentrate exported between June 2018 and December 2021, dealin…

Published: 04 Feb 2026 at 05:06hrs | 808 | by Staff reporter

Mthuli Ncube scales back gold royalty hike

Finance Minister Professor Mthuli Ncube has reversed his earlier plan to double the gold royalty to 10% following a late-night debate in Parliament on the 2026 national budget.Under the revised framework, large-scale gold miners will pay a…

Published: 17 Dec 2025 at 19:24hrs | | by Staff reporter

Mthuli Ncube signals royalty climbdown

Finance Minister Professor Mthuli Ncube has indicated that Zimbabwe's proposed gold royalty regime may be adjusted following widespread concerns from large-scale and small-scale miners, who warned that the current structure could destabili…

Published: 11 Dec 2025 at 08:09hrs | | by Staff reporter

Mthuli Ncube signals flexibility on gold royalty hike

Finance Minister Mthuli Ncube has suggested he may revise proposed increases to gold royalties after strong pushback from miners who warn that doubling the tax could destabilise the sector, reduce investment and fuel smuggling.Under the 20…

Published: 10 Dec 2025 at 06:58hrs | 622 | by Staff reporter

Higher royalties will boost gold smuggling from Zimbabwe

Zimbabwe's small-scale gold producers said government plans to double a mining royalty will deter investment and spur an increase in smuggling of the precious metal."New investment in exploration and mine development will stall," the Zimba…

Published: 05 Dec 2025 at 07:46hrs | 550 | by Staff reporter

Zimbabwe to hike royalties on gold producers

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 measures aimed at boosting state income and su…

Published: 02 Dec 2025 at 12:28hrs | | by Staff reporter

How taxation and royalties work in Zimbabwe's mining industry

The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation and royalties for exploration and minin…

Published: 05 Oct 2023 at 10:10hrs | | by Clifford S. Ncube

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