[miningmx.com] – ABOUT a third of the proceeds from mining royalties will be used to establish Zimbabwe’s sovereign wealth fund, said Bloomberg News citing a bill recently proposed by the southern African country’s government.
The levies will be raised from companies mining gold, diamonds, coal, coal-bed methane gas, nickel, chrome, platinum “and such other mineral that may be specified,’ said Bloomberg News citing the January 10 bill which was released on January 13.
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