Deputy Minister of Mines and Mining Development, Fred Moyo, revealed that the government has granted a 100 percent rebate on the gold royalty to small scale miners who exceed the previous year’s mineral deliveries to Fidelity Printers and Refinery (FPR). The rebate will be effective January 2017.
Said Minister Moyo:
With a view of boosting gold production and delivery to FPR, the Government has put in place a clause that every miner who exceeds his/her gold deliveries of the previous year (2016) by 20 percent or more will be granted a 100 percent rebate on the royalty paid,” he said.
This means Government will pay you back the one percent of your gold deliveries which you will have sold to FPR.
The royalty rebate is an incentive towards reaching the 28 tons of gold as our target as a country. I’m glad to say we have recorded a positive increase of eight percent in the last two months of this year as compared to 2016.