GJ Town India

For duty computations based on combination rates of duty The Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) would like to clarify the impact on duty calculations resulting from the recently promulgated Statutory Instruments 32 and 33. The rates of calculation of duty are as contained in the Customs and Excise (Tariff) Notice, Statutory Instrument 53 of 2017. The value for duty purposes is determined by applying the prevailing exchange rate on the Cost Insurance and Freight (CIF) values of the goods being imported as contained in the invoices issued in the country of supply or export. There are three methods of calculation of duty namely ad valorem, specific and a combination of the two rates. For duty calculations using the ad valorem method, the rate of duty is applied on the value for duty purposes to arrive at the duty payable. For such transactions, the value for duty purposes will now be computed based on the re-valued Real Time Gross Settlement...

Mahusekwa explored by De Beers in the late 90s The ZCDC (Pvt) Limited intends to carry out diamond exploration activities on 450 hectares in Mahusekwa, Chihota Communal Land. The proposed project area was explored by De Beers in the late 90s to early 2000s, but results were never made public. Exploration will be done using ground penetrating radar to locate areas of potential which will then be studied in detail by drilling and trenching selected points away from homesteads. Thus, no relocations will be done. Bulk samples will then be collected using excavators. These samples will be processed on site using a 10tph mobile DMS plant. All excavation waste material will then be used to backfill all the opened pits. Some potential positive impacts will include employment creation and community infrastructure development. Potential negative impacts are deforestation, destruction of animal habitats, loss of aesthetic value, noise and dust pollution. Mitigation measure...

BoD and Vast agreed development of concessions in Zimbabwe! Botswana Diamonds (BoD) has concluded an agreement with Vast Resources for the development of their concessions in the prolific Marange Diamond Fields (MDF) of eastern Zimbabwe.  A separate agreement will cover the joint development of diamond properties outside of the MDF, which will be a straightforward 50/50 joint venture, though the initial focus of our joint work is on the MDF.   As previously announced, Vast has exclusive access to key diamond concessions (the ‘Heritage Concession’) in the MDF of the Chiadzwa region of eastern Zimbabwe, through an agreement with a community organisation.  BOD will perform due diligence on the area to conclude a joint venture agreement for diamond exploration, mining and marketing. The 15km² Heritage Concession neighbours Vast’s historic MDF claim, and seems to be a geological extension of that system.  To develop diamond properties in Zimbabwe, BOD ...