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Depressed mineral prices hit Zim royalties

HARARE – Mining royalties — one of Zimbabwe’s key revenue heads — took a knock in the quarter to September 2013, slumping 39 percent to $39 million due to depreciating international mineral prices. During the period under review, tax collector Zimbabwe Revenue Authority (Zimra) targeted to collect $63,7 million in mining royalties. Sternford Moyo, Zimra’s…

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