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Zambia legislation

Mines and Minerals Development (Amendment) Act, 2020

This Act amends the Mines and Minerals Development Act, 2015, including allowing a mineral royalty to be paid in advance as prescribed and replacing “Metal Bulletin” with “Fastmarkets MB”.

mineral royaltystatutory amendment
Jurisdiction
Zambia
Structure
1 provisions
Citation
Act 25 of 2020
Dates
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“This Act amends the Mines and Minerals Development Act, 2015, including allowing a mineral royalty to be paid in advance as prescribed and replacing “Metal Bulletin” with “Fastmarkets MB”.”

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This Act amends the Mines and Minerals Development Act, 2015, including allowing a mineral royalty to be paid in advance as prescribed and replacing “Metal Bulletin” with “Fastmarkets MB”.

Section document

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Short title
§ documentDocument textShort title

This Act amends the Mines and Minerals Development Act, 2015, including allowing a mineral royalty to be paid in advance as prescribed and replacing “Metal Bulletin” with “Fastmarkets MB”.

Mines and Minerals Development (Amendment) [No. 25 of 2020 351 GOVERNMENT OF ZAMBIA ACT No. 25 of 2020 Date of Assent:18th December, 2020 An Act to amend the Mines and Minerals Development Act, 2015 [18th December, 2020 ENACTED by the Parliament of Zambia. 1. This Act may be cited as the Mines and Minerals Development (Amendment) Act, 2020, and shall be read as one with the Mines and Minerals Development Act, 2015, in this Act referred to as the principal Act. 2. Section 89 of the principal Act is amended by the— (a) insertion of the following new subsection immediately after subsection (3): (4) A mineral royalty may be paid in advance, as prescribed; and (b) renumbering of subsection (4), (5), and (6) as subsection (5), (6), and (7). Enactment Short title Act No. 11 of 2015 Amendment of section 89 3. The principal Act is amended by the deletion of the words “Metal Bulletin” wherever the words appear and the substitution therefor of the words “Fastmarkets MB”. General amendment Single copies of this Act may be obtained from the Government Printer, P.O. Box 30136, 10101 Lusaka, Price K 4.00 each. 352
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