Zimbabwe Mining Fee Increase May Be Illegal, Committee Says
Zimbabwe’s decision to increase fees for mining licenses and applications by as much as 5,000 percent may have been unconstitutional, a parliament committee said in a report.
“There was no regard to whether the application to mine would succeed or not,” the Legal Parliamentary Committee said in a report obtained by Bloomberg News today. The fees “impose a hefty financial burden on citizens and non-citizens alike who opt to invest in the mining sector.”
Mines Minister Obert Mpofu raised mining fees and license costs in a decree in February, requiring diamond miners to pay as much as $5 million for a mining application. The legal committee reviews laws and decrees to determine their compliance with the constitution. Mpofu didn’t immediately respond to calls seeking comment today.
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