Acacia to meet higher Tanzanian royalty rate on metal exports

July 14, 2017

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Gold miner Acacia Mining Plc on Friday said the company would meet the increased royalty rate of 6 percent imposed on metals such as gold, copper and silver under new Tanzanian natural resources legislation. The rate has been raised from 4 percent and is in addition to the recently imposed clearing fee of 1 percent on exports out of the country.

Category: General