Mining News

Zimbabwe will raise taxes on platinum, lithium to boost revenue

Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening economic conditions. The rate for platinum miners will double to 5% and a new rate of the same amount will apply to lithium producers, Finance Minister Mthuli Ncube said in his mid-term budget review presented to lawmakers in the capital, Harare, on Thursday.

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