tax wrangles threaten cameroon mine, page-20

Hi (Nextport)

SDL have all ways published those incentives with mining in Cameroon.

Euroz Securities Limited. (Sundance Resources Ltd.)

Mou terms lodged with Government. Executive expected end 2007.Seeking an individual Charter specifically structured to meet the particular needs of the Project created by Act of Parliament.

MOU terms based on existing covenants in place under the Investment Code,Mining Code and Industrial Free Trade Zone which include.

. 100% tax exemptions for the first 10 years followed by a flat corporate profit tax of 15% thereafter.

3% gross production royalty.

Complete and perpetual exoneration of all customs duties and taxes.

No price controls or profit restrictions.

No restrictions on foreign ownership of property.

Freedom to hold foreign currency account.

Free repatriation of profit and capitals.

Liberal expatriate work visa and

Freedom to operate private zone-based power and telecommunication systems.

Regards
Westcott.