Disappointing Showing--Zim Finance Minister dismayed at mining's contribution to State coffers

摘要

Zimbabwe's Finance Minister, Tendai Biti, last week expressed disappointment at the mining sector's contribution to State coffers. Last year, the mining sector contributed only 15 million dollars in tax and loyalties. "There has not been any significant contribution from mining; there is something problematic with the mining sector's contribution to the State and this needs to be looked at," Biti said when he presented this year's medium-term Budget statement. "[Similar to] what is planned in Australia, we are looking at an equilibrium taxation model for the mining sector," he said.