MUROWA DIAMONDS LOBBY PARLY FOR TAX CUTS

Written by 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.


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