Zimbabwe miners favour 26% indigenisation
Zimbabwean Chamber of Mines president Victor Gapare Harare, Zimbabwe — MININGREVIEW — 14 March 2011 – Zimbabwe mining companies would be comfortable with selling stakes of 26% to local owners under the government indigenisation plan that aims to eventually transfer a minimum of 51% majority control.. A minister from President Robert …
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Page 1877 – Miningreview
Night shot of Rio Tinto's Benga coal mine in Mozambique Mumbai, India — 09 March 2012 – In future Indian industrial giant Tata Steel will derive 10% of its coking coal requirements from Australian-based Rio Tinto's Benga coal mine in Mozambique.. Revealing this in an interview with Bloomberg News, Tata Steel managing director H.M. Nerurkar said the first year's shipments …
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the impact of indigenisation policy on mining in zimbabwe
The question to be asked is whether Zimbabwe's mining laws, read with the IEE Act are suitably tailored to promote inter-generational equity in the mining sector in Zimbabwe?, (Murombo (2010). The response to the above question has been the reincarnation of the Mines and Minerals Amendment Bill of 2007 as the Indigenisation and Economic ...
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Zimplats seeks clarity on Indigenisation Act
The country's biggest platinum producer, Zimbabwe Platinum Holdings (Zimplats) says the Indigenisation and Economic Empowerment Act (Chapter 14:33) is yet to be amended to give weight to Government pronouncements to remove platinum miners from the reserve list. This is despite the amendments that were made via the 2018 Finance Amendment Bill. …
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INDIGENIZATION POLICY IN NIGERIA
v. It ensures self-reliance: Indigenisation ensures self-reliance by eliminating the problem of dependence on foreign goods. vi. It brings about rapid industrialisation of the economy. vii. It helps to increase the standard of living of the people through participation in business enterprises. DISADVANTAGES OF INDIGENISATION
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Zim indigenisation laws 'to carry on'
The scathing attack by Zimbabwe's parliament on the country's indigenisation laws should not be interpreted as the end of the controversial legislation, says a mining industry official.
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Indigenisation and Economic Empowerment Policy …
minerals, mining firms that satisfied indigenisation regulations were exempted from such policies. of alluvial diamond mines should be locally owned, while other minerals must be 51% owned by indigenous Zimbabweans (Government of Zimbabwe, Act 14:2007). The National Indigenisation and Economic Empowerment Board (NIEEB) has an important ...
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Govt beats hasty on indigenisation
AFTER series of exclusive reports by The NewsHawks on the secret Zimbabwean government move to seize control of the mining sector through an amendment of Section 36 of the Finance Act promulgated last December, authorities this week beat a hasty retreat on the damaging and toxic policy path. On his first day at work after […]
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Zim miners fret over new law that seems to give …
Zimbabwean miners are fretting over amendments to ownership laws that seem to be reintroducing the country's controversial indigenisation laws on the mining sector.
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Kasukuwere initiates mine takeover for defying indigenisation
The Zimbabwean government has made moves to take over Vumbachikwe Gold Mine in Gwanda, Matabeleland South for allegedly defying the country's indigenisation laws. Speaking to journalists in Bulawayo on Monday, Kasukuwere said he had sent recommendations to Mines and Mining Development Obert Mpofu for the Zimbabwe Mining Development Council to ...
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Taxes, indigenisation and transparency: How Mthuli
Key transparency reforms missing. Key policy proposals for improving mining sector transparency contained in the 2019 National Budget Statement included the implementation of the Extractive Industry Transparency Initiative (EITI), funding for modernisation of the mining title administration system; mining cadastre, monitoring and tracking of tax …
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Extractive industries indigenisation, displacement and …
This paper examined the vulnerability and exposure challenges the combination of MIDR measures and extractive industry indigenisation, as well as the widespread defaults on …
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Australia wants clarity on indigenisation
The indigenisation laws, which compel foreign-owned firms in key sectors of the economy such as mining to cede a majority stake of at least 51% to indigenous Zimbabweans, have been criticised for lacking clarity and consistency. ... is an annual event attended by African mines ministers and senior government officials and Australian mining ...
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Indigenisation law to affect more sectors in Zimbabwe
The government recently announced that it had taken over the Vumbachikwe gold mine, one of the country's oldest gold mines, for failing to comply with the indigenisation laws. In the face of threats of a seizure of its mine and withdrawal of its operating licence, Zimplats announced a scheme for intended compliance with the laws on 13 March ...
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THE LIKELY EFFECTS OF INDIGENISATION POLICY IN ZIMBABWE …
The paper assessed the challenges caused by the Indigenisation and Economic Empowerment (IEE) policy of 2008 on the mining sector of Zimbabwe. Qualitative research method was used to analyse data on challenges caused by the IEE policy, strategies for addressing the challenges and evaluation of the policy.
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Base indigenisation model on merit: analyst – Nehanda …
Zimbabwe's indigenisation model will create parasitic business owners, but not institutional value or iconic brand creators, blogger Kufara Gwenzi says. He said government should use a "merit ...
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MINING SECTOR POLICY STUDY
Clarify the Indigenisation Policy by making the targets 25% by year 10 and 51% by year 25 (i.e. any Mining Lease renewal (at 25 years) must be conditional on 51% beneficial ownership by …
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Miners in push for legal clarity on indigenisation
Zimbabwe's mining industry has called for the expediting the legal repeal of the Indigenisation and Economic Empowerment Act (IEE Act) to give clarity to the …
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2022/sbm the impact of indigenisation policy on mining in …
Contribute to naicha22/2022 development by creating an account on GitHub.
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India's Quest for Defence Indigenisation: A Case Study of …
First, understanding the rationale as to 'why' indigenisation has been a major focus of India's defence procurement and modernisation efforts. Second, to understand 'how' India has sought to indigenise its defence capabilities in terms of various efforts like direct government to government purchases, licensed manufacturing, etc ...
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'Remove indigenisation threshold on diamond, platinum'
Chamber of Mines of Zimbabwe (COMZ) president, Batirai Manhando has urged the government to scrap off indigenisation requirements on diamond and platinum sectors, as failure to do so will chase ...
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Zimbabwe: Ministry, Chamber of Mines Agree On Indigenisation …
THE Chamber of Mines and the Ministry of Mines and Mining Development have agreed on most issues regarding indigenisation and empowerment, but the position would have to get approval from other ...
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Indigenisation – BEML India
BEML R&D took birth in mid 70's, with a mandate to design and develop new products and support indigenisation efforts. A full fledged R&D center was established at Kolar Gold Fields during 80's,with Structural Engineering and Power Line Laboratory, along with Fluid Power Laboratory, Material Science Laboratory and Design center with modern CAD/CAE tools.
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Indigenisation's 'unintended consequences' in Zim's mining …
Indigenous Zimbabweans were encouraged to take over mining fields, either as individuals or small consortiums. This instigated capital flight, followed by people moving into and operating disused mines, many of which had not been rehabilitated.
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Zimbabwe stands firm on indigenisation
THE National Indigenisation and Economic Empowerment Board has proposed a 51 percent direct equity holding by locals in foreign mining firms in contrast to the 26 percent suggested by the sectoral ...
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Zimbabwe: State to Act On Indigenisation of Mining
THE Government will enact appropriate legislative instruments if large mining companies continue to resist indigenisation of the sector. The Minister of Mines and Energy, Cde Edward Chindori ...
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MoD notifies 'Second Positive Indigenisation List' of 108 …
The 'Second Positive Indigenisation List' comprises complex systems, sensors, simulator, weapons and ammunitions like Helicopters, Next Generation Corvettes, Air Borne Early Warning and Control (AEW&C) systems, Tank Engines, Medium Power Radar for Mountains, MRSAM Weapon Systems and many more such items to fulfil the requirements of Indian …
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Définition de indigénisation | Dictionnaire français
Définition de indigénisation : dictionnaire, étymologie, phonétique, citations littéraires, synonymes et antonymes de « indigénisation »
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Is Mugabe softening on indigenisation?
As Indigenisation minister Kasukuwere structured controversial US$1,7 billion deals with mining companies. He signed MoUs with the likes of Zimplats (US$971 million), Mimosa (US$550 million), Anglo-American (US$142 million), Pretoria Portland Cement (US$27,8 million) and Caledonia (US$30 million).
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