MDCB proposes two-tier royalty system
Friday, May 10, 2024 | 450 Views |

Ramping up: Sandfire’s Motheo Mine is the latest producer on the Kalahari Copperbelt PIC: SANDFIRE.COM.AU
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.
It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...