The Global Resource For Connecting Buyers and Sellers

Acacia to meet higher Tanzanian royalty rate on metal exports

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.