Tanzania Increases Uranium Mining Royalties

IBTimes reported Tanzania’s royalties on gold and uranium mining are set to increase, according to the Mining Act of 2010.

As quoted in the market news:

The new Mining Act in 2010 stipulated that royalty rates for gold and uranium be increased across the board with calculations based on gross profits rather than the previous which was built on net values.

Tanzania’s royalty rates are now fixed at 4 per cent and 5 per cent for gold and uranium.

Click here to read the full IBTimes report.