1. MINING –RATES OF ROYALTIES
With effect from the 1st January, 2011, the rates of royalties have been reviewed as follows:-
|
Mineral |
% of gross fair market value of mineral produced |
|
Precious stones |
10% |
|
Gold |
4.5% |
|
Platinum |
5% |
|
Other precious metals |
4% |
|
Base Metals |
2% |
|
Industrial metals |
2% |
|
Coal bed methane |
2% |
|
Coal |
1% |