Mozambique

Mozambique is likely to present a revised mining law for approval in early 2012 with the aim of streamlining procedures and encouraging investment in its booming coal sector, according to Mining Minister Esperanca Bias. Bias went on to say that there are no plans to introduce any changes to mining taxes and royalties system. Mozambique currently levies a corporate tax of 35% on miners, and its mineral royalties are comparatively low. Miners are also liable to pay a 10-12% production tax on diamonds and 3-8% on other minerals. The proposed law involves accelerating the licensing process and the simplification of

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