The Mines and Minerals Development (Amendment) Act, 2018

An Act to amend the Mines and Minerals Development
Act, 2015. [26th December, 2018
ENACTED by the Parliament of Zambia. 1. (1) This Act may be cited as the Mines and Minerals
Development (Amendment) Act, 2018, and shall be read as one
with the Mines and Minerals Development Act, 2015, in this Act
referred to as the principal Act. (2) This Act shall come into operation on 1st January, 2019. 2.

ines and Minerals Development Act, 2015, in this Act
referred to as the principal Act. (2) This Act shall come into operation on 1st January, 2019. 2.

Section 89 of the principal Act is amended—
(a) in subsection (1) (a), by the insertion of a comma and the
words “cobalt or vanadium” immediately after the word
“copper”;
(b) by the deletion of subsections (2) and (3) and the
substitution therefor of the following:
(2) Where the base metal produced or
recoverable under the licence is copper, the mineral
royalty payable is at the rate of—
(a) five point five percent of the norm value
when the norm price of copper is less
than four thousand five hundred United
States dollars per tonne;
(b) six point five percent of the norm value
when the norm price of copper is four
thousand five hundred United States
dollars or higher per tonne but less than
six thousand United States dollars per
tonne;
Enactment
Short title
and
Commence-
ment
Mines and Mineral Development
(Amendment) [No. 18 of 2018 327
Act No. 11
of 2015
Amendment
of section 89
GOVERNMENT OF ZAMBIA
ACT
No. 18 of 2018
Date of Assent: 23rd December, 2018
Single copies of this Act may be obtained from the Government Printer,
P.O. Box 30136, 10101 Lusaka, Price K4.00 each.

of Assent: 23rd December, 2018
Single copies of this Act may be obtained from the Government Printer,
P.O. Box 30136, 10101 Lusaka, Price K4.00 each.

(c) seven point five percent of the norm value
when the norm price of copper is six
thousand United States dollars or higher
per tonne but less than seven thousand
five hundred United States dollars per
tonne;
(d) eight point five percent of the norm value
when the norm price of copper is seven
thousand five hundred United States
dollars or higher per tonne but less than
nine thousand United States dollars per
tonne; and
(e) ten percent of the norm value when the
norm price of copper is nine thousand
United States dollars or higher per
tonne.
(3) Where the base metal produced or
recoverable under the licence is cobalt or vanadium,
the mineral royalty payable is at the rate of eight
percent of the norm value of the cobalt or vanadium
produced or recoverable.
(4) A person that is in possession of minerals
extracted in the Republic for which mineral royalty
has not been paid is liable to pay mineral royalty at
the rates set out in subsections (1), (2) and (3).;and
(c) by the renumbering of subsections (4) and (5) as
subsections (5) and (6), respectively.
Mines and Minerals Development
(Amendment)328 No. 18 of 2018]