EXT/MAK/PDN/RIO: Namibia to lift tax to 44% on all except diamonds
Reuters reports Namibia plans to raise its mining tax by 17% to 44% from 37.5% currently according to
the statement e-mailed to Reuters on Friday by the Namibian Ministry of Finance.
The tax will apply to all commodities except diamonds.
Rio Tinto and Australian miner Paladin Energy are the current uranium producers in Namibia. Extract is
approaching production. Minemakers is mining for marine phosphates in j/v. There are several Aussie
explorers also in Namibia.
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