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