Revise VAT on mineral exploration

Govt corrects draft bill freeing mineral explorers from BEE

THE South African government on Tuesday corrected draft amendments to the Minerals and Petroleum Resources Development (MPRD) bill gazetted last month. The key change was to remove a requirement for exploration firms to sign up empowerment partners before applying for a prospecting licence. The other correction clarified that listed companies were not required to apply for a Section 11 ‘change of control’ approval. This relates to share transact…

Revise VAT on mineral exploration

Michael Edem Akafia is the President of the Ghana Chamber of Mines The Ghana Chamber of Mines has called on the government to remove VAT on mineral exploration activities. Michael Edem Akafia, President of the Ghana Chamber of Mines, pointed out that exploration is crucial to the mining industry’s long-term sustainability, serving as its foundation. […] The post Revise VAT on mineral exploration appeared first on Ghanamma.com.