Miners in Zimbabwe are obligated to pay royalties to the State
from the minerals they would have extracted. Royalty is a charge
that the government levies on the volume of minerals produced at a
mine or the income or profit made from the sale of those minerals.
These royalties are remitted to the Revenue Authority adding on to
the state reserve. All issues regarding minerals in Zimbabwe are
governed by the Mines and Minerals Act [Chapter 21:05] together
with other ancillary legislation like the Reserve Bank of Zimbabwe
Act [Chapter 22:15] together with the Finance Act.
Through Statutory Instrument 189 of 2022, the government of
Zimbabwe has promulgated new regulations to the effect that mineral
royalties are to be paid partly in kind and partly in monetary
form. The mineral royalties are collected from minerals like gold,
diamonds, platinum group metals, lithium and all other minerals
deemed to be components of the reserves maintained by the Reserve
Bank of Zimbabwe.
