Liberia to generate USD 260 million in tax from iron ore mines
Bloomberg reported that Liberia government aims to generate USD 260 million a year in tax revenue from iron ore mines by 2014 equivalent to 17% of gross domestic product.
It is reported that Zambia, Africa's leading mining country and fourth world copper producer seeks to amend the 2008 mining fiscal regime credited with higher taxation for mines to bring it in line with international best practices.