Zimbabwe’s Mining Cadastre System to Spur Investment – Lawyer

A new era has dawned on the country’s mining sector, serving as a vehicle to lure potential investors, by following the gazetted Mining Bill, a legal expert has revealed.

In an interview with this publication, top lawyer Tina Kadhau, the managing partner of T. Kadhau Law Chambers said government has made a stride in bolstering national vision on value addition and beneficiation in the mining sector as a whole.

“Investors, under the Bill, if enacted to Law will see hordes of potential investors moving into the country’s value-addition industries.

“Investors under the Bill will get a sense of transparency through the Cadastre mining system.

A cadastre system is a comprehensive register of land ownership and property boundaries. It typically includes detailed information about land parcels, such as their location, size, value and ownership.

“The Bill establishes investors to mining rights, promote transparency and accountability under their investments.

“Investors will up their game in actively developing their mining claims, reduce speculative hoarding and encourage productive use of resources,” said legal expert Kadhau.

She implored potential investors to take considerations with the new tax regime which are in the Bill.

“Royalties for investors will be assessed and collected based on the new taxi regime while special capital gains tax will be levied on the transfer of mining titles,” said legal expert Kadhau.

She said delays by investors will attract penalties for late remittance of royalties.

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