Minerals (Prospecting and Mining) Amendment Act, 2008 (No. 8 of 2008).
Country
Type of law
Legislation
Abstract
This Act amends the Minerals (Prospecting and Mining) Act, 1992 in section 114 by providing for the imposition of a levy in respect of minerals referred to in the provisions of subsection (1)(c) of section 114 in addition to the royalty referred to in subsection (1). It also empowers the Minister, subject to certain conditions, to levy a windfall royalty on the holder of a mining claim or a mining licence who has won or mined in the course of any prospecting or mining operations carried on by him or her, and on the holder of any non-exclusive prospecting licence, exclusive prospecting licence or mineral deposit retention licence who has found or incidentally won in the course of any prospecting operations carried on by him or her, any mineral or group of minerals,
Attached files
Web site
Long title of text
An Act to amend the Minerals (Prospecting and Mining) Act, 1992, to ensure that the levying of certain royalties is authorised; to remove restrictions on maximum rates of royalties that may be charged; and to authorise the imposition of a windfall royalty and to provide for matters incidental thereto.
Date of text
Repealed
No
Serial Imprint
Government Gazette of the Republic of Namibia No. 4189 of 29 December 2008.
Source language
English
Legislation Amendment
No