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Small-scale gold miners make big impact Daily

Sanyonja Artisanal Miners Alliance (SAMA) in Tiira, Busia, is a small scale mining operation that has collaboration with Tanzania’s Nyarugusu and Gaita mines. Origin of gold mining in Uganda

Small-scale miners lead in gold deliveries Mining

2020-11-17  ARTISANAL and small-scale gold miners continue to lead in gold production after they delivered 700 kilogrammes of the yellow metal to Fidelity Printers and Refiners (FPR) in July. The figure was higher than the 650 kilogrammes delivered by large-scale mining entities in July.

New law gives small-scale miners who sell gold to BSP

2019-5-22  Under the new law, registered small-scale miners will be exempted from paying income and excise taxes when they sell their gold to the BSP. Prior to the enactment of the law, the Bureau of Internal Revenue (BIR) imposed a 5-percent withholding tax and a 2-percent excise tax on the sale of gold

Miners urged to sell gold to fidelity Mining Zimbabwe

2021-1-4  The Deputy Minister of Mines and Mining development Honorable Polite Kambamura has urged small scale and artisanal miners to deliver their gold production to Fidelity Printers and Refiners (FPR) in order to receive enough support from the government. Rudairo Dickson Mapuranga Speaking at the Environmental Impact Assessment launch held in Kadoma a forth night ago,

Poor gold prices fuel black market trading small

MUTARE The small-scale gold miners have said the poor gold prices offered by government’s Fidelity Printers has forced them to turn to the lucrative black market.. In an interview with The Zim Morning Post on Thursday, the Zimbabwe Miners Federation (ZMF) Treasure General Lufeyi Shato said the move will dent President Emmerson Mnangagwa’s target of 100 tonnes of gold by 2030.

Zimbabwe c.bank to form new gold refining unit, sell

2020-12-17  The government says gold worth $1.2 billion is illegally exported from the country annually and small scale miners, who extract most of the precious metal in Zimbabwe, blame low prices and late

How “Small” Is Small-Scale Gold Mining?

Small-scale gold minors in Suriname, Guyana, French Guiana and Brazil are men, women and children, who are ether locals or migrant from the neighboring countries. Small-scale mining accounts for 10-15% of the worlds gold supply. Small-scale gold mining isn’t really that small in reality. Workers employ a variety of methods and mining techniques.

Angara to miners: Sell your gold directly to the gov’t

2019-4-10  Angara noted that the volume of gold sold to the BSP declined drastically when the BSP started to withhold and remit to the national government the two (2) percent excise tax and five (5) percent withholding tax on its purchase of gold from small-scale miners and traders, pursuant to a revenue regulation issued by the Bureau of Internal Revenue

What is artisanal gold and why is it booming? Reuters

It is hard to measure the output of artisanal and small-scale miners but Metals Focus, a consultancy, estimates they now produce about 560 tonnes of gold a year worth some $27 billion.

Small-scale miners lead in gold deliveries The

2020-10-22  The figure was higher than the 650 kilogrammes delivered by large-scale mining entities in July. The high delivery volumes by small-scale miners is attributed to the recent move by FPR to benchmark gold payments on the London Bullion Market (LMBA), which has seen local miners getting paid in United States dollars only.

Small-scale miners start selling back gold to BSP —

2018-2-2  Small-scale miners stopped selling gold to the BSP since 2012, the BIR report submitted to Dominguez indicated. “The advantages to the seller are lower transportation costs and accurate assays. The advantage to the BSP is the use of pesos to buy gold which is used as our international reserves,” Dominguez said.

New law gives small-scale miners who sell gold to BSP

2019-5-22  Small-scale miners who sell gold to the Bangko Sentral ng Pilipinas (BSP) will now enjoy tax incentives and other privileges under a new law signed recently by President Duterte. A logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their headquarters in Manila.

New law gives small-scale miners who sell gold to BSP

2019-5-22  Under the new law, registered small-scale miners will be exempted from paying income and excise taxes when they sell their gold to the BSP. Prior to the enactment of the law, the Bureau of Internal Revenue (BIR) imposed a 5-percent withholding tax and a 2-percent excise tax on the sale of gold

Small scale miners urged to sell gold directly to

He said that small-scale miners could soon avail of tax exemptions if they sell their gold to the Bangko Sentral ng Pilipinas (BSP) with the impending enactment of the so-called “Gold Bill,” which he authored and sponsored as chair of the Senate Committee on Ways and Means.

Small-scale miners push gold output to top 30 tonnes

ZIMBABWE’S gold production topped 30 tonnes for the 10 months to October, with 34 tonnes expected in the full year, anchored by small-scale miners. The previous high was 27,1 tonnes produced in

A proposed cooperatives strategy for artisanal and

2020-11-9  Pegging the gold price at K550/gram would likely encourage artisanal and small-scale gold miners to sell to black markets because this price is way below what is being offered on the world market. (iv) The plan does not explicate ZCCM-IH gold trading practices.

How to start a small scale gold mining company?

Small scale mining is easy when one knows how. This introduction may help the reader to start in small scale mining activity. The general information shall give a guidance on how to properly look into the future of own sustainable gold mining. Just like in many other areas of business, knowledge is power. First thing to do in order to start a new gold mining activity is to obtain as much

Measures exempting small miners from taxes on gold

The value of its gold holdings was at $8.154 billion in the same month. “The bill also helps small-scale miners, who prefer to sell their gold to the BSP, which ensures that they would be able to receive a fair price for their gold, instead of selling the gold to the black market where prices are

Poor gold prices fuel black market trading small

MUTARE The small-scale gold miners have said the poor gold prices offered by government’s Fidelity Printers has forced them to turn to the lucrative black market.. In an interview with The Zim Morning Post on Thursday, the Zimbabwe Miners Federation (ZMF) Treasure General Lufeyi Shato said the move will dent President Emmerson Mnangagwa’s target of 100 tonnes of gold by 2030.

Gold smuggling worth $1.5bn in Zimbabwe as small

2020-12-1  REGULATIONS in Zimbabwe that force gold producers to sell their bullion to the central bank is encouraging gold smuggling worth about $1.5bn annually, said Bloomberg News. “Zimbabwe’s centralised gold-buying scheme underpays producers, a practice that encourages smuggling and erodes industrial mining profits, leading companies to close mines,” said International Crisis Group (ICG), a

Small-scale miners lead in gold deliveries The

2020-10-22  The figure was higher than the 650 kilogrammes delivered by large-scale mining entities in July. The high delivery volumes by small-scale miners is attributed to the recent move by FPR to benchmark gold payments on the London Bullion Market (LMBA), which has seen local miners getting paid in United States dollars only.

Small-scale miners start selling back gold to BSP —

2018-2-2  Small-scale miners stopped selling gold to the BSP since 2012, the BIR report submitted to Dominguez indicated. “The advantages to the seller are lower transportation costs and accurate assays. The advantage to the BSP is the use of pesos to buy gold which is used as our international reserves,” Dominguez said.

Small-scale miners start selling back gold to BSP —

2018-2-2  Small-scale miners from the Cordillera region have started to sell back their gold to the Bangko Sentral ng Pilipinas (BSP) after their more than five-year hiatus, the Department of Finance (DOF) said yesterday.

Small-scale miners push gold output to top 30 tonnes

ZIMBABWE’S gold production topped 30 tonnes for the 10 months to October, with 34 tonnes expected in the full year, anchored by small-scale miners. The previous high was 27,1 tonnes produced in

Small scale miners smuggling gold to China?

2012-11-19  Small scale miners are smuggling gold to China via Hong Kong, causing a 10-percent dip in gold trading in the Cordillera region, Benguet governor Nestor Fongwan said.

Poor gold prices fuel black market trading small

MUTARE The small-scale gold miners have said the poor gold prices offered by government’s Fidelity Printers has forced them to turn to the lucrative black market.. In an interview with The Zim Morning Post on Thursday, the Zimbabwe Miners Federation (ZMF) Treasure General Lufeyi Shato said the move will dent President Emmerson Mnangagwa’s target of 100 tonnes of gold by 2030.

How to start a small scale gold mining company?

Small scale mining is easy when one knows how. This introduction may help the reader to start in small scale mining activity. The general information shall give a guidance on how to properly look into the future of own sustainable gold mining. Just like in many other areas of business, knowledge is power. First thing to do in order to start a new gold mining activity is to obtain as much

Angara to miners: Sell your gold directly to the gov’t

2019-4-10  Angara noted that the volume of gold sold to the BSP declined drastically when the BSP started to withhold and remit to the national government the two (2) percent excise tax and five (5) percent withholding tax on its purchase of gold from small-scale miners and traders, pursuant to a revenue regulation issued by the Bureau of Internal Revenue

Benguet 'pocket' miners urged to sell gold to BSP, pay

ITOGON, Benguet --Small-miners in the province were told to sell their gold to the Bangko Sentral ng Pilipinas (BSP) and pay excise tax to the Bureau of Internal Revenue (BIR).POCKET MINERS. Engineer Lomino Kaniteng, president of the Benguet Small-Scale Miners Association, explains some points of the “Minahang Bayan” during a consultation with local pocket miners on Friday (Feb. 9, 2018