21 January 2018
   
'Zimbabweans mentally ill after Bob horror'
Chamisa, Speaker row over G40 MP purges
ZRP reverses decision to fire top cops
Bennett: Clues sought in chopper crash
EU, UN should observe elections: Pres
ANC agrees to force Pres Zuma out
Africa 'shithole' now tourism trump card
Tsvangirai golden handshake confirmed
MORE NEWS
Buyanga responds to investment call
ZTA targets domestic tourism
MORE BUSINESS
Delight as ZBC 'Iron Lady' suspended
Sulu arrested over $4,000 child support
MORE SHOWBIZ
Cricket: ICC clears Zimbabwe's Vitori
Zidane fuels Neymar to Real talk
MORE SPORTS
Elections: Not a moment to be lost
A view beyond the Zimbabwe coup
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 
Rio Tinto plc pays Zimbabwe $14mln in taxes
18/03/2015 00:00:00
by The Source
 
 
RELATED STORIES

GLOBAL resources giant Rio Tinto plc paid $14 million in taxes to Zimbabwe out of a universal figure of $7,1 billion in 2014, reflecting its receding footprint in the country.

Rio Tinto sold off most of its assets in the country to RioZim in 2004 but retained a 78 percent interest in Murowa Diamonds near Zvishavane.

Rio Tinto and RioZim also jointly own the moribund Sengwa coal mine near Gokwe.

Murowa is an open pit mining operation which began in 2004 and produces about 400,000 carats per annum of large, predominantly white, gem-quality diamonds.

At 442,000 carats in 2014, Murowa production was seven per cent higher than in 2013.

The company reserves 10 percent of production for the local cutting and polishing industry as per government regulations.

In a tax report, the company said it had paid $1 million in corporate tax and $13 million in royalties.

Regionally, it paid $2 million in Mozambique, $6 million in Namibia and $110 million in South Africa.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker