African nations try to set uniform minerals royalty charges

Published: Friday, 13 June 2014

A proposal from the Southern and Eastern African Mineral Centre agency aims to prevent unfair competition for resources and improve returns to local economies, but it could hamper foreign companies to invest in the African industrial minerals sector, which includes potash, rare earths, ilmenite and vermiculite.

By Allan Bario

Members of the Southern and Eastern African Mineral Centre (SEAMIC) agency, have agreed to set uniform royalty levies on their minerals, authorities confirmed to IM.

During a meeting in Nairobi, Kenya, last week, the countries of Uganda, Kenya, Tanzania, Mozambique, Ethiopia, Angola and Sudan accepted a proposal which...

This is a preview of the full article

  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app

Take a Trial or Subscription today. Start below: