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Minerals (Prospecting and Mining) Amendment Act, 2008 (No. 8 of 2008).

Country/Territory
Namibia
Document type
Legislation
Date
2008
Source
FAO, FAOLEX
Original source
Government Gazette of the Republic of Namibia No. 4189 of 29 December 2008.
Long title
An Act to amend the Minerals (Prospecting and Mining) Act, 1992, to ensure that the levying of certain royalties is authorised; to remove restrictions on maximum rates of royalties that may be charged; and to authorise the imposition of a windfall royalty and to provide for matters incidental thereto.
Subject
Mineral resources
Keyword
Minerals Mining Tax/levy Royalties/fees Exploration Authorization/permit
Geographical area
Africa, South Atlantic, Southern Africa
Abstract

This Act amends the Minerals (Prospecting and Mining) Act, 1992 in section 114 by providing for the imposition of a levy in respect of minerals referred to in the provisions of subsection (1)(c) of section 114 in addition to the royalty referred to in subsection (1). It also empowers the Minister, subject to certain conditions, to levy a windfall royalty on the holder of a mining claim or a mining licence who has won or mined in the course of any prospecting or mining operations carried on by him or her, and on the holder of any non-exclusive prospecting licence, exclusive prospecting licence or mineral deposit retention licence who has found or incidentally won in the course of any prospecting operations carried on by him or her, any mineral or group of minerals,

Full text
English
Website
www.lac.org.na

References - Legislation

Amends

Minerals (Prospecting and Mining) Act, 1992 (No. 33 of 1992).

Legislation | Namibia | 1992

Keyword: Environmental standards, EIA, Liability/compensation, Standards, Protection of environment, Mining, Institution, Minerals, Exploration, Authorization/permit

Source: FAO, FAOLEX