Mozambique: No Changes in Tax Regime for Mining

27 February 2012

Agencia de Informacao de Mocambique (Maputo)

Maputo — The Mozambican government has guaranteed that the new mining law currently under discussion will have no impact on the tax system for mining and hydrocarbons.

Speaking to journalists on Friday, the Minister of Mineral Resources, Esperanca Bias, said the existing fiscal regime will remain in force. The draft of a new mining law is intended to simplify the procedures for obtaining mining licences, and to avoid creating obstacles for investors.

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