Diamond miner complains of high taxes

Diamond miner complains of high taxes

Source: Diamond miner complains of high taxes | The Financial Gazette April 12, 2018

Government pulled back on its commitment to cut ground rental fees for diamond mining operations by repealing a statutory instrument it had gazetted in January to bring down the rental fees. The repeal was made in February.

Government pulled back on its commitment to cut ground rental fees for diamond mining operations by repealing a statutory instrument it had gazetted in January to bring down the rental fees. 

RESOURCES firm RioZim, says the high ground rental fees and royalties charged on diamond mining operators is threatening the subsector’s viability and deterring investment.

Murowa Diamonds was previously jointly owned by RioZim and Rio Tinto Plc until the British miners’ exit in 2015. It sold its 78 percent stake to RZ Murowa Holdings.

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