Mines Acquisition (Special Provisions) Act (Cap. 218).

Country/Territory: Zambia
Document type: Legislation
Date: 1970 (2006)
Source: FAO, FAOLEX
Original source: Laws of Zambia, Revised edition 2006, Chapter 218.
Long title: An Act to facilitate the acquisition by the Republic of a 51 per centum interest in each of the main Zambian copper mining companies; and to provide for matters connected therewith.

Subject: Mineral resources
Keyword: Minerals Mining Non-governmental entity
Geographical area: Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries

Abstract: For the purpose of giving full and complete effect to two Agreements between the Republic and private mining companies for the acquisition of interests by the Republic in mining operations: the Minister, in the name of the Republic, undertake financial arrangements specified in section 4 and may undertake such other obligations as he may deem necessary or expedient in relation or pursuant to those Agreements or either of them or the implementation thereof or any guarantee given under that section. Other provisions of this Act concern vesting of assets, exemption from taxes and application of the Act.
Full text: English