Royalties go up in West Africa
- Publishing Date
- 19 Nov 2009 1:34pm GMT
- Author
- Mining Journal
The government of Sierra Leone has passed a new mining act increasing royalties for diamond and precious metal producers, while Ghana has announced that it also plans to increase royalties.
Sierra Leone's new mining law will increase diamond royalties to 6.5% and gold and precious metal royalties to 5%, as well as requiring mining companies to spend 0.1% of annual revenues on community projects.
Ghana, Africa's second largest gold producer, said it also plans to increase royalties to 5% to increase government revenues and help it to increase government spending by 20% next year.
(November 19)
ALSO IN THE ARCHIVE...
More News By Subject
Site Search
Log in
-
Features
-
Editor's Comment
Geologists- Senior and Junior Positions
Gryphon Minerals is aggressively growing its world class Banfora Gold Project in Burkina Faso, West Africa.
Mining and Metals Opportunities - Hatch
Mining and Metals Opportunities in London and Globally: Senior and junior roles.
Minerals Geoscientist Vacancy - Neftex
Do you want to help develop the world’s most detailed commercially-available 4D Earth Model to support the mining majors?
Opportunities for Senior & Principal Level Consultants - SRK
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
Comments