Welcome To Our NICTORYS Factory!

News

  1. Home
  2. Indigenisation On Mines

Indigenisation On Mines

Nictorys Mining Machinery is a high-tech based mining machinery and equipment manufacturer. Our products cover sand making, grinding, drying, briquetting and other series. At present, we serve customers in more than 130 countries and regions around the world and bring them huge benefits.

Contact Us

Need more additional information or queries? We are here to help. Please fill in the form below to get in touch.

Request a quote

Lorem ipsum dolor sit amet, consectetur adipi scing elit, sed do eiusmod tempor incidi dunt ut labore et dolore magna aliqua.

  • Indigenisation law: No mercy for   mining companies ...

    Indigenisation law: No mercy for mining companies ...

    Indigenisation law: No mercy for mining companies. ... Mines and Mining Development minister Walter Chidakwa insisted that the sector would not be exempt from the 49%-51% compliance threshold. However, mining sector sources said this would create fresh waves of uncertainty as some foreign mining companies have made significant progress ...

    Read More
  • Indigenisation law fatal   to diamond, platinum sectors ...

    Indigenisation law fatal to diamond, platinum sectors ...

    2018-3-17 · HARARE - RIOZIM believes lingering concerns over the indigenisation of diamond and platinum mines will be fatal to these respective sub-sectors. Speaking during the tour of Murowa Diamond Mine by the parliamentary portfolio committee on Mines …

    Read More
  • The Indigenisation As A   Construct Economics Essay

    The Indigenisation As A Construct Economics Essay

    2018-11-1 · The government’s response in support of Mawere’s overtaking of Shabani Mashaba Mines is a clear indication that the current indigenisation and economic empowerment initiative being implemented in Zimbabwe is a build up from past attempts which failed …

    Read More
  • Indigenisation targets   mines in Manicaland | The Herald

    Indigenisation targets mines in Manicaland | The Herald

    2012-2-7 · Tawanda Musarurwa Business ReporterTHE indigenisation programme is set to roll out the empowerment drive in Manicaland that will soon result in the …

    Read More
  • Indigenisation Will Help   Not Hinder Mining Industry | …

    Indigenisation Will Help Not Hinder Mining Industry | …

    The Indigenisation Act will not change any of this. Â In fact, in spite of the Indigenisation Act, Imara, the pan-African investment group, has reported steady increases in FDI in the mining sector as old mines recapitalise and new mining projects begin.

    Read More
  • Indigenisation Act   amendment set to boost mining

    Indigenisation Act amendment set to boost mining

    2018-1-2 · “The current Mines and Minerals Act is archaic and with most of the regulations no longer applying in the present setup doesn’t benefit small-scale miners and it also promotes big mines to hold onto claims for speculative purposes. “A number of claims are unutilised, with mining companies only paying for inspection certificates.

    Read More
  • Zimbabwe’s Indigenisation   Intrigues | The Africa …

    Zimbabwe’s Indigenisation Intrigues | The Africa …

    2017-6-6 · The indigenisation law and its implementation have gone through many ups and downs since the regulation was first introduced in 2007. Most companies have played for time, and many firms still have not followed through on the indigenisation plans submitted to the government. ... New regulations issued in April 2016 allow existing mines to meet ...

    Read More
  • Zimplats salivates at   indigenisation policy review ...

    Zimplats salivates at indigenisation policy review ...

    2019-4-8 · GOVERNMENT recently announced plans to repeal the indigenisation policy in the platinum and diamond mining sector in an effort to give impetus to the ‘Zimbabwe is open for business’ mantra.

    Read More
  • Zimbabwe to scrap   indigenisation law for platinum …

    Zimbabwe to scrap indigenisation law for platinum …

    Zimbabwe to scrap indigenisation law for platinum miners. Zimbabwe holds the world’s second-largest known platinum reserves behind South Africa. Share. Tweet Share; By Reuters. ... Zimbabwe will scrap a law that denies foreign platinum mining companies control of their operations in the country, the mines minister said on Thursday.

    Read More
  • Indigenisation law to   affect more sectors in Zimbabwe

    Indigenisation law to affect more sectors in Zimbabwe

    2012-8-10 · It appears that non-compliant companies are likely to face severe pressure from the government, which has already announced seizures of some of their mines. 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.

    Read More
  • Indigenisation Act   amendment set to boost mining | …

    Indigenisation Act amendment set to boost mining | …

    2019-9-2 · “The current Mines and Minerals Act is archaic and with most of the regulations no longer applying in the present setup doesn’t benefit small-scale miners and it also promotes big mines to hold onto claims for speculative purposes. “A number of claims are unutilised, with mining companies only paying for inspection certificates.

    Read More
  • Indigenisation Act   amendment set to boost mining ...

    Indigenisation Act amendment set to boost mining ...

    2017-12-31 · Indigenisation Act amendment set to boost mining ... Kaguru said the amendment of the country's Indigenisation and Empowerment Act, which prescribes majority share …

    Read More
  • Indigenisation Act amendment set   to boost mining | …

    Indigenisation Act amendment set to boost mining | …

    2019-9-2 · Indigenisation Act amendment set to boost mining. 31 Dec, 2017 ... the proposed amendment would confine the 51-49 percent indigenisation threshold to only two minerals, namely diamond and platinum. ... said there was a need for the Government to expedite the amendment of the Mines and Minerals Amendment Bill, which seeks to repeal the principal ...

    Read More
  • Indigenisation Act amendment set   to boost mining | …

    Indigenisation Act amendment set to boost mining | …

    2017-12-31 · “The current Mines and Minerals Act is archaic and with most of the regulations no longer applying in the present setup doesn’t benefit small-scale miners and it also promotes big mines to hold onto claims for speculative purposes. “A number of claims are unutilised, with mining companies only paying for inspection certificates.

    Read More
  • Mining: Royalties, taxes and   indigenisation remain in …

    Mining: Royalties, taxes and indigenisation remain in …

    2012-1-24 · While the issue of indigenisation and economic empowerment remains topical in Zimbabwe, ... The Chamber of Mines in Zimbabwe has also argued against the increase in royalties stating that it could slash profit margins for gold and platinum miners by nearly 18%, while rendering small-scale mining “totally unprofitable”. ...

    Read More
  • Mimosa seeks   indigenisation closure - Southern Eye

    Mimosa seeks indigenisation closure - Southern Eye

    Mimosa seeks indigenisation closure HARARE — Aquarius Platinum, which jointly owns Mimosa Mines with Impala Platinum, is talking to the new Indigenisation minister Francis Nhema on its indigenisation deal, amid indications that the government wants to radically alter terms.

    Read More
  • Zimbabwe's mining   indigenisation moves ahead ...

    Zimbabwe's mining indigenisation moves ahead ...

    2012-5-8 · Anglo Platinum’s Unki mine in Zimbabwe Harare, Zimbabwe --- 08 May 2012 - The government of Zimbabwe is expected to have concluded the transfer of majority stakes in foreign-owned mining companies to locals by the end of the month.. Foreign firms operating in Zimbabwe are required to sell a controlling 51% stake to indigenous Zimbabweans or State-approved agencies.

    Read More
  • 11 January 2013 - Zimbabwe   Indigenisation - Zimplats

    11 January 2013 - Zimbabwe Indigenisation - Zimplats

    2017-5-30 · Development, Indigenisation and Empowerment) (“the Government”). The term sheet, which will be signed today, stipulates the key terms, subject to certain conditions precedent, for the sale by Zimplats Holdings of an aggregate 51% equity ownership (“the Indigenisation Shares”) of Zimbabwe Platinum Mines (Private) Limited (“Zimplats”) to

    Read More
  • (PDF) Indigenization and Economic   Empowerment in …

    (PDF) Indigenization and Economic Empowerment in …

    The indigenisation policy has been used and continues to be used by the elite in order to commit or justify acts of economic banditry, expropriation and unfair practices which have in-turn scared foreign direct investment into the economy. ... In mining, government involvement also contributed to the closure of several mines and suspension of ...

    Read More
  • Zimbabwe sticks to 51%   indigenisation with platinum …

    Zimbabwe sticks to 51% indigenisation with platinum …

    Zimbabwe sticks to 51% indigenisation with platinum mines, Government commits to settling debt arrears 2 years ago Zimbabwe Digital News . By Tawanda Karombo. ANGLO American Platinum, Impala Platinum and Sibanye Stillwater will still be required to cede 51 percent shares in Zimbabwean operations under indigenisation requirements which have been ...

    Read More
  • Unki Mine toes   indigenisation line | The Chronicle

    Unki Mine toes indigenisation line | The Chronicle

    2016-7-28 · ANGLO-American Platinum Limited says 75 percent of proceeds from its Unki Mine near Shurugwi would be re-invested in the country in line with the indigenisation …

    Read More
  • Zimbabwe Indigenisation Policy Essay |   StudyHippo.com

    Zimbabwe Indigenisation Policy Essay | StudyHippo.com

    April 22, 2012 Zimbabwe’s Indigenisation Policy Africa possesses vast mineral resources, from diamonds to platinum, which remain untapped. Recently discovered ore deposits and soaring commodity prices are attracting miners from around the world to Africa. This has led to “resource nationalism”, as African countries are looking for ways to maximize their share of the profits […]

    Read More
  • 24 February 2012 - Zimplats   indigenisation update (News ...

    24 February 2012 - Zimplats indigenisation update (News ...

    2017-5-30 · an Indigenisation Implementation Plan (“IIP”), Zimbabwe Platinum Mines (Private) Limited (“Zimplats”), an indirect 87% subsidiary of Implats, submitted its revised plan in November 2011. In a letter dated 22 February 2012, Zimplats was advised by the Zimbabwean Minister of Youth Development, Indigenisation and

    Read More
  • Miners Still concerned About the   Indigenisation Policy ...

    Miners Still concerned About the Indigenisation Policy ...

    Industries were first targeted by the law with the then Indigenisation Minister Patrick Zhuwao arguing that banks were to also submit 51 percent of the profits they were making. The policy was later on revised to mines with the Former President Mugabe clarifying that mining sector was the only one which was affected by the law.

    Read More
  • Mines ministry to vet   indigenisation proposals

    Mines ministry to vet indigenisation proposals

    2016-4-29 · THE Ministry of Mines and Mining Development was looking at the indigenisation proposals and plans of various companies before making submissions to Cabinet. In an interview, Mines and Mining Development minister Walter Chidakwa said the ministry was not looking at …

    Read More
  • Zimbabwe: Govt to Indigenise Great Dyke   Mines - …

    Zimbabwe: Govt to Indigenise Great Dyke Mines - …

    2010-4-29 · MINES and Mining Development minister Obert Mpofu has said government will indigenise mines along the mineral rich Great Dyke region because of their skewed ownership patterns. ... Indigenisation ...

    Read More
  • Zimbabwe miners favour 26%   indigenisation | …

    Zimbabwe miners favour 26% indigenisation | …

    2011-3-14 · [img:Victor%20Gapare_0.jpg|Zimbabwean Chamber of Mines president Victor Gapare]Harare, Zimbabwe --- MININGREVIEW.COM --- 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 …

    Read More