Madagascar plans higher royalties, at least 20% stake in mining production
Time:Wed, 11 Dec 2019 09:26:36 +0800
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Madagascar plans to increase its royalties on nickel and cobalt to 4% from 2% at present, a draft mining law said on Tuesday. The law, presented to reporters by Mines Minister Fidiniavo Ravokatra, showed that Madagascar also proposes to allow the government to take at least a 20% stake in any marketable mining production.
