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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Zimbabwe proposes 25pct mine royalties for sovereign wealth fund

Posted on 14 January 2014

Zimbabwe’s planned sovereign wealth fund will receive a quarter of mining royalties under a Bill proposed by the government, advancing a proposal first outlined in November.
The levies will be raised from companies mining gold, diamonds, coal, coal-bed methane gas, nickel, chrome, platinum “and such other mineral that may be specified”, according to a Bill dated January 10 and released publicly on Monday………………………………………..Full Article: Source


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