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MDCB proposes two-tier royalty system

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The Minerals Development Company Botswana (MDCB) has advised government to adopt a two-tier royalty system for mining, where those companies that process resources within the country would receive favourable rates.

The MDCB is the state minerals investment agency and government’s chief policy advisor for the sector.

At present, mineral royalties payable by mines in the country range from three to 10% annually and are levied on the gross market value of production.

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MDCB proposes two-tier royalty system

The Minerals Development Company Botswana (MDCB) has advised government to adopt a two-tier royalty system for mining, where those companies that process resources within the country would receive favourable rates.