
Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax
Caledonia Mining is weighing its options on how best to press the Bilboes gold mine in Zimbabwe back into service. Credit: Caledonia Mining.
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Caledonia Mining is weighing its options on how best to press the Bilboes gold mine in Zimbabwe back into service. Credit: Caledonia Mining.

Welcomed by President Félix Tshisekedi, the Emir discussed shared priorities including economic cooperation, regional stability, and investment opportunities.

The Mineral Atlas will help standardise classification criteria and support the revision of tax rates, while also enabling more accurate valuation of mineral products.

The reforms come as Angola seeks to strengthen its non-oil minerals sector and attract international capital.

The ban targets key mining areas, including rutile deposits in Kasiya and rare earth sites in Kangankunde.

Processing facilities at Tenke Fungurume mine in 2016 before the CMOC acquisition. (Image courtesy of Lundin Mining.)

Cobalt found alongside copper and malachite. (Image by Fairphone, Flickr).

The DRC introduces a strict cobalt quota system beginning October 16, with lifetime bans for exporters who break the rules, a move set to reshape Africa’s cobalt trade and influence global prices.

The dividend represents 35% of realised accumulated company profits, in line with the Company’s dividend policy. Compared to prior years, the dividend represents a significant increase from ZMW243 million in 2023.

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