The Indigenisation and Empowerment Act amended through a new Finance Bill. Foreigners nolonger required to give up 51% ownership of companies.

8. Duration Gold Mine. Duration Gold Limited offers gold exploration and production services. The company owns 5 core assets with historic production of 4.6 million oz. It also sells gold at international spot prices. The company was founded in 2006 and is based in Bulawayo, Zimbabwe.

Duration's website describes it as "a Zimbabwe focused, private, emerging gold producer and explorer. The Company, majority owned by Clarity Capital and its employees, currently has a global resource base of 4.2 million oz of gold.

allAfrica.com: Zimbabwe: Duration Gold Gives Up to Indigenisation. 23 Jan 2013 ... Gwanda-based Vumbachikwe Gold Mine's foreign shareholder, Duration Gold, has capitulated to government demands and pressure from the...

The Indigenisation and Economic Empowerment Act (Chapter ) of is not ECONOMIC EMPOWERMENT POLICY IN ZIMBABWE. GOVERNMENT has removed the local ownership requirement for foreign investment into the country, save for the diamond and platinum sectors, Finance. Those already in the reserved sector, except gold panning, will be required to register ...

[73] Minister of Youth, Indigenisation and Economic Empowerment, (Honourable Patrick Zhuwao), 'Press briefing on the proposed frameworks, procedures and guidelines for implementing the Indigenisation and Economic Empowerment Act [Chapter 14:33] ', (Ministry of Youth, Indigenisation and Economic Empowerment, 4 January 2016), p. 2.

Pickstone Gold --- Near-term Cash flow• Brown Field Site – Pickstone (+400,000 troz past production) + parallel Body (peerless)• 2007 JORC 513,000+ troz @ surface. Potential to extend pittable & Consistent, high-grade ore to depth – possible 1.5m troz (SRK).

Duration Gold has already engaged local underwriters to advise on and issue shares to local institutional partners through a private placement as an intermediate target in …

Gono's stance on indigenisation deeply angered his political rivals in Zanu-PF, leading to public spats in the media between him and the then minister responsible for indigenisation and empowerment, Saviour Kasukuwere.It is worth noting that at the time of writing the new minister responsible for indigenisation and empowerment, Francis Nhema ...

The model of Zimbabwe's indigenisation and economic empowerment law places prominence on wealth creation through broad-based participation of indigenous people in economic activity, (Musarurwa ...

The IMF, in an April 2010 report, was subject of indigenisation, one of the most divisive unequivocal in its assessment that "Zimbabwe is in issues that government and the mining industry debt distress, ... Duration Gold and Bilboes by adopting the most sensible …

The Indigenisation and Economic Empowerment Act 14, 2007 was signed into law and provided that all large companies with a net asset value exceeding $0.5m will be required to have a minimum indigenous shareholding of 51% within a period of five years. The mining industry has accepted the broad principles of the Act.

Indigenisation and Economic Empowerment Regulations, 2013: This provides for the indigenisation of all reserved sectors of the economy. The IEEP Act sets aside 14 sectors closed to foreign-owned companies unless, with the approval of the Minister of Indigenisation, the Zimbabwe Investment Authority makes an exception.

The electrical machinery sub-sector in India has huge potential for indigenisation and for tapping a multi-million dollar market, according to research findings by the ISED Small Enterprise ...

The Youth, Indigenisation and Empowerment Ministry at one time threatened to act against Duration Gold, blaming the mining firm for failing to comply with the country's equity laws.

Journal of Economics and Sustainable Development ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online) Vol.6, No.20, 2015 Indigenisation and Economic Empowerment Policy Views and Concerns in the Zimbabwean Mining Sector (2008-2011) Plaxedes Gochero1 Gerald Kadira 2 1.

Duration Gold has not yet complied with the requirement to cede 51 percent of its stake to locals. Companies that do not comply with the Indigenisation laws risk being stripped of …

Sources said there had been extensive talks between Duration Gold and the National Indigenisation and Economic Empowerment Board (NIEEB) after Mines …

The group recently announced intentions to venture into gold mining in Matabeleland through MCM after it signed a partnership agreement with local firm Imviga to buy 51% equity in the company. DGL Investments is a subsidiary of emerging gold producer, Duration Gold Limited in Matabeleland, and is majority owned by the United Kingdom-based ...

Duration Gold currently has a global resource base of 4,2 million oz of gold and is developing its existing asset base into a 350 000 oz per year producer, based on five bankable feasibility ...

An evaluation of indigenisation policy in Zimbabwe. The common aim of these initiatives is to increase the role played by the previously marginalized population groups in the mainstream economy and to correct imbalances in resource ownerships construed as a major cause of vulnerability and obstacle to economic growth and development.

Duration Gold gives in to indigenisation. by Staff reporter 24 Jan 2013 at 06:51hrs | Views Gwanda-based Vumbachikwe Gold Mine's foreign shareholder, Duration Gold, has …

The National Indigenisation and Economic Empowerment Board (NIEEB) has an important role be- stored upon it by the Act so as to ensure that all companies comply with the indigenisation law. The compliance function of the board is crucial for the successful implementation of the indigenisation and empowerment programme (Government of Zimbabwe ...

In the year 601 A.H., corresponding to A.D. 1204–5, the conqueror himself issued a gold coin (fig. 1) bearing the legend Gauḍa vijaye, "On the conquest of Gaur" (i.e., Bengal). But the date A.H. 601 stamped on this coin evidently refers to the coin's date of issue and not to the date of conquest.

Murowa Diamonds, Mimosa Mine and Duration Gold. The country's Indigenisation and Empowerment Act requires foreign mining firms to sell 51 percent direct equity to locals or the State. The government rejected the mining companies' proposals to sell25 percent direct equity to locals and 26 percent to be made up of social investment credits.

Duration Gold Limited is a Zimbabwe focused, private, emerging gold producer and explorer. The company, majority owned by Clarity Capital and its employees, ... Let us rally behind indigenisation … gold miners Duration Gold … empower small scale miners in Zimbabwe.

3. Analysis of Financial Performance of 2019-20: • Turnover registered a growth of 6.94% from Rs 11,78,922 Lakhs in 2018-19 to Rs 12,60,776 Lakhs in 2019-20.

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Zimbabwe's gold mines are a permanent curse for working class black people. On Thursday 22 September 2016, the mining community and …

The "indigenisation" of Zimbabwe Foreigners and local whites out A muddle over "indigenisation" looks set to slow down an economic recovery Middle …

South Africa: Mining Laws and Regulations 2022. ICLG - Mining Laws and Regulations - South Africa covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.