{"id":67007,"date":"2022-10-01T18:35:19","date_gmt":"2022-10-01T16:35:19","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum"},"modified":"2022-10-01T21:00:20","modified_gmt":"2022-10-01T19:00:20","slug":"govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum","title":{"rendered":"Govt Wants Miners To Pay Royalties In Diamonds, Gold, Platinum"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Zimbabwean government wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash.<\/p>\n

Finance and Economic Development Permanent Secretary George Guvamatanga said the move is aimed at building the southern African country\u2019s mineral reserves.<\/p>\n

In a letter sent to the Ministry of Mines on September 2, 2022, Guvamatanga said the Treasury was concerned that the country does not have reserves of the minerals, which \u201cserve as a source of trust in a country given that they carry no credit or counterparty risks,\u201d<\/p>\n

Guvamatanga confirmed the Treasury\u2019s plans in a phone interview with Bloomberg on Friday saying \u201cIt\u2019s something we want to implement.\u201d<\/p>\n

Polite Kambambura, deputy mines minister, said in a phone interview that consultations are still being undertaken with miners, including multiple meetings this week. He said:<\/p>\n

The whole idea by the Ministry of Finance is that they want to store value of our royalty.<\/p>\n

Mining companies that operate in Zimbabwe include subsidiaries of Impala Platinum Ltd., Anglo American Platinum Ltd. and Sibanye Gold Ltd.<\/p>\n

Zimbabwe has the world\u2019s third-largest reserves of platinum and also mines gold, diamonds, nickel, chrome, lithium and coal.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Zimbabwean government wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash. Finance and Economic Development Permanent Secretary George Guvamatanga said the move is aimed at building the southern African country\u2019s mineral reserves. In a letter sent […]<\/p>\n","protected":false},"author":84,"featured_media":67006,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,15],"tags":[1493,2189,4781,473,4820,6572,1119,19],"class_list":{"0":"post-67007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-head-lines","9":"category-homepage-english","10":"category-policy","11":"category-twitter","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-chrome","15":"tag-gold","16":"tag-lithium","17":"tag-nickel","18":"tag-platinum","19":"tag-zimbabwe"},"yoast_head":"\nGovt Wants Miners To Pay Royalties In Diamonds, Gold, Platinum - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwean government wants gold, diamond and platinum miners to pay half of their royalties to the government in th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Wants Miners To Pay Royalties In Diamonds, Gold, Platinum\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwean government wants gold, diamond and platinum miners to pay half of their royalties to the government in th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-01T16:35:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-01T19:00:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/10\/postQueueImg_22.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum\",\"name\":\"Govt Wants Miners To Pay Royalties In Diamonds, Gold, Platinum - 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