MUROWA DIAMONDS LOBBY PARLY FOR TAX CUTS
Written by Panashe Madzinga on March 8, 2018
MUROWA Diamonds has lobbied Parliament for a reduction of mining taxes on ground rentals and royalties, saying the exorbitant taxes were chasing away investors.
Rio Zim chief executive officer Bhekinkosi Nkomo said 15% royalties charged on rough diamonds was too high.
Namibia and Botswana charge 10% royalties, while the Democratic Republic of Congo charges 2,5%.
Meanwhile, the parliamentary portfolio committee on mining and energy is expected to tour the mine on a familiarisation tour on 14 March.