Ann: Quarterly Activities Report and Appendix 5B , page-4

re: Ann: Quarterly Activities Report and Appe... Please note in my previous post - the importance of their investment license!!! Very impressive - and will equal big $$$!

the Company’s Zambian subsidiary will benefit from highly attractive fiscal and non-fiscal incentives, including: a corporate tax of 0% for an initial period of 5 years from the first year profits are made. For year 6 to 8 corporate tax will be paid on 50% of profits and in year 9 to 10 on 75% of the profits; dividends shall be exempted from tax for 5 years from the year of first declaration; capital expenditure on improvement or for the upgrading of infrastructure shall qualify for improvement allowance of 100% of the expenditure; suspended Customs Duty to zero for 5 years on machinery and equipment; zero percent import duty rate on raw materials, capital goods, machinery including trucks and specialised motor vehicles for five years; and deferment of VAT on machinery and equipment including trucks and specialised motor vehicles