Ann: Company presentation, page-336

"I’m not arguing against the imposition of royalties as such, and agree that there’s a respectable case for taxpayers (through their governments) to share some of the financial benefits through royalties when natural resources are developed for commercial purposes. "

.

Id argue that administrative fees for the distribution and management of leases is where that taxation should end. The system of leases stops individual groups fighting for control of the land with violence.

.

" There’s an important question, however, of the level of royalties imposed"

.

This, I completely agree with.