Govt Must Reduce Royalties, High Land Rental Fees To Attract Investors: Coal Miners
Coal miners have appealed for a review of government royalties and fees in order to attract investors and stimulate growth in the sector. Appearing before the Parliamentary Portfolio Committee on Mines and Energy, Peter Mutsinya, the chief executive officer of Liberation Mining said,
We are experiencing challenges on the issue of land rentals whereby before 2012 the charges were $20 per hectare, which was inhibitive, and now it has been changed to $10 per hectare and those rentals are still on the high side.
There is need for a relook at the royalties as they are still too high and can scare away investors.Feedback
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