The Democratic Republic of Congo recently raised taxes on copper and cobalt beneficiation from USD 60 to USD 100 per metric ton, while Gabon has also introduced mandated beneficiation - a process that separates the mineral from the commercially worthless gangue material. Meanwhile, Ghana introduced the National Fiscal Stabilisation Levy Bill that will impose a 5% tax on profits of mining companies; Mozambique is set to introduce a 32% capital gains tax on the sale of local assets by foreign countries from January 2014, and Tanzania is expected to introduce mandatory procurement of at least 80% of goods and services from local businesses by 2015.
Combined with the China data.
TGS Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
