December 10, 2019 / 12:46 PM / a month ago

Madagascar plans higher royalties on nickel, cobalt, at least 20% stake in mining production

ANTANANARIVO (Reuters) - Madagascar plans to increase its royalties on nickel and cobalt to 4% from 2% at present, a draft mining law said on Tuesday.

The law, presented to reporters by Mines Minister Fidiniavo Ravokatra, showed that Madagascar also proposes to allow the government to take at least a 20% stake in any marketable mining production.

Reporting by Lovasoa Rabary; Writing by George Obulutsa; Editing by Helen Reid

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below