VEC 0.00% 1.2¢ vector resources limited

Ann: Kibali South and Nizi Gold Projects Due Diligence Completed, page-333

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  1. 7,835 Posts.
    lightbulb Created with Sketch. 3555
    So much noise and so much BS being touted by so called keyboard experts with other agendas.   This is directly related to copper but you get my drift hey

    There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.
    The existing 2 percent rate on copper extraction compares with royalties five times that level in Chile and Peru, the two biggest producers.


    DRC Copper.jpeg
    Even at the new 3.5 percent rate proposed by the country's national assembly, charges will still be lower than those paid in Australia and the U.S., according to a PricewaterhouseCoopers database of copper royalties. (There'll be an additional levy on windfall profits, too -- but the history of those taxes suggests little money will be raised, anyway.)

    https://www.bloomberg.com/gadfly/articles/2018-03-12/taxes-aren-t-the-real-problem-with-congo-mining
    12 March 2018,

    Back to sleep now Lol !
 
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