"Democratic Republic of Congo President Joseph Kabila signed a new mining code into law earlier this month. The new law will raise royalties and taxes on mining operators, and replaces an earlier code from 2002.
While mining company Randgold (GOLD) will be impacted by the new code as it operates the Kibali gold mine, the biggest impact will be felt on "strategic substances" such as cobalt, as royalties on cobalt mines are set to increase fivefold to 10% and include a windfall profits tax, according to Reuters."
US Newsletter `Gold Mining Bull' April 3 2018
Hadn't been aware that the affect on Cobalt was so much. Does this make the Canadian (BSX etc) and oz plays more attractive?
pmd3nka (no cobalt stocks)
Short Term Trading Week Starting: Tues 3rd Apr, page-178
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Last
8,586.9 |
Change
-23.500(0.27%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,610.4 | 8,644.8 | 8,585.3 |
| XAO (ASX) Chart |