Act No. 29 The Mines and Mineral Act, 2022

The Mines and Minerals Development

(Amendment) [No. 29 of **2022 561

GOVERNMENT OF ZAMBIA

ACT

No. 29 of 2022

Date of Assent: 23rd December, 2022

An Act to amend the Mines and Minerals Development Act, 2015.

[27th December, 2022 ENACTED by the Parliament of Zambia.

(1) This Act may be cited as the Mines and Minerals Development (Amendment) Act, 2022, and shall be read as one with the Mines and Minerals Development Act, 2015, in this Act referred to as the principal Act.

This Act shall come into operation on 1st January, 2023.

Section 89 of the principal Act is amended by the deletion of subsection (2) and the substitution therefor of the following:

Where the base metal produced or recoverable under the licence is copper, the mineral royalty payable shall be applied at an incremental value in each price range at the rate of —

four percent of the norm value when the norm price of copper is less than four thousand United States dollars per tonne;

six point five percent of the norm value when the norm price of copper is four thousand United States dollars or higher per tonne but less than

Enactment

Short title and commence- ment

Act No. 11

of 2015

Amendment of Section 89

Single copies of this Act may be obtained from the Government Printer,

P.O. Box 30136, 10101 Lusaka, Price K 4.00 each.

562 No. 29** of ****2022] *The Mines and Minerals *Development

(Amendment)

five thousand United States dollars per tonne;

eight point five percent of the norm value when the norm price of copper is five thousand United States dollars or higher per tonne but less than seven thousand United States dollars per tonne; and

ten percent of the norm value when the norm price of copper is seven thousand United States dollars or higher per tonne.