When any registered mining location or any interest therein is sold or otherwise alienated, the parties must comply with the following;

1. Take reasonable steps to ascertain that transfer is viable.

The parties must make sure that the transaction is legally feasible. For example;

No transfer is possible if:

• The mining location is liable for forfeiture or under attachment.
• Duties, fees, royalties, rentals and other payments in respect of the mining location are outstanding with the Mining Commissioner’s office.
• There are outstanding payments due to the Rural District Council

Note: Transfers can only be made to permanent residents of Zimbabwe. In the case where transfer is to be made to non-residents the Mining Commissioner has to receive assurance from the Reserve Bank of Zimbabwe that all exchange Control requirements have been fully complied with.

2. Notify the Commissioner.

The Seller must notify the commissioner of the transaction within 60 days of the date of transaction.

3. Furnish the Commissioner with all the necessary information and documents.

The Seller shall provide the following information to the Mining Commissioner:

• the name of the person to whom such location or interest is sold or otherwise alienated
• the amount of the valuable consideration, if any, agreed upon,
• the date of the transaction.

4. Register the Agreement with the Mining Commissioner.

5. Pay Transfer Duty.

The Purchaser shall pay transfer duty on the sell at a fee prescribed by the Parliament. This duty must be paid within six (6) months.

Note: If payment is partly in cash and partly in shares of a company, the nominal value of the shares shall be used. For instances where payment is contingent upon some future event the purchaser shall give security to the satisfaction of the Mining Commissioner that he/she will pay the transfer duty at a fixed rate when the consideration becomes due.

On receipt of the fee the Mining Commissioner will then issue the new owner with a new certificate of registration.