Relief for ZIMASCO
….. as High Court exempts the miner from paying royalties
CLOUDINE MATOLA The High Court has spared Zimbabwe Mining and Smelting Company (ZIMASCO), the country’s largest producer of ferrochrome, from paying more than US$10m in royalties, which is a significant relief to the resources firm, Business Times can report. However, ZIMRA, which had ordered the mining company to pay that sum following its assessment of the miner’s…
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