Mr Koim said, “We have been profiling these two companies (names withheld for confidentiality reasons) for over a year. The letters formally notifying them of the audit were signed and served today.
We understand that mining is a capital-intensive operation and requires significant investment. Be that as it may, our mineral resources are finite and non-renewable, and we will run out one day. The Government needs to extract a substantial proportion of the value of the resources extracted for the benefit of its citizens, present and the future.”
This involves the design and implementation of an appropriate contractual and fiscal system. The one we have is a concessionary fiscal regime where, amongst