NAMIBIA'S Chamber of Mines wants the government to reconsider plans to impose a further 17% tax on exploration and mining firms in the southern African producer of diamonds and uranium, saying it would discourage investors.
The Chamber of Mines in a statement said that "It is important... that any legislation that is implemented will not reverse the commercial viability of existing projects, or prevent investment in new exploration and mining projects.”
Namibia said that it would increase mining corporate tax to 44% for miners other than diamond producers.
The Chamber of Mines in a statement said that "It is important... that any legislation that is implemented will not reverse the commercial viability of existing projects, or prevent investment in new exploration and mining projects.”
Namibia said that it would increase mining corporate tax to 44% for miners other than diamond producers.
Posts
No comments:
Post a Comment