Primary gold producers under stress – Falgold

FALCON Gold Zimbabwe (Falgold) has warned that big producers will be under stress unless government reviews the high direct and indirect taxes and other charges.

In a statement accompanying the group’s financial results for the half-year-ended March 31 2015, board representative Ian Saunders said the Chamber of Mines had for 18 months engaged government for a review of the direct and indirect taxes.

He said government significant changes to the tax and operating regime for the small-scale miners.

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