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- Feb 26, 2006
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ARTICLE 4 FISCAL TERMS
4.1 The Company shall pay to the Government:
4.1.1 a royalty at the rate of 3% on the Net Back Value of all minerals produced from the Contract Area, other than diamonds, in respect of which the royalty shall equal 5% of the Net Back Value; and
4.1.2 stamp duty under the Stamp Duty Act No. 20 of 1972, as in effect on the Fiscal Stabilization Date.
4.1.3 for each year of production the amount of US$ 125,000 by 31st December of each calendar year a contribution to the Empowerement Fund
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Enjoy the music...
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ARTICLE 4 FISCAL TERMS
4.1 The Company shall pay to the Government:
4.1.1 a royalty at the rate of 3% on the Net Back Value of all minerals produced from the Contract Area, other than diamonds, in respect of which the royalty shall equal 5% of the Net Back Value; and
4.1.2 stamp duty under the Stamp Duty Act No. 20 of 1972, as in effect on the Fiscal Stabilization Date.
4.1.3 for each year of production the amount of US$ 125,000 by 31st December of each calendar year a contribution to the Empowerement Fund
============
NOTE: Whether you're registered or NOT you can download the doc.