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(Jun 25, 2009) It was reported on June 18, 2009, that a draft mining law seeking to increase government revenue from mining activities and to regulate the involvement of children in mining will soon be introduced in Sierre Leone's Parliament. (Ibrahim Tarawallie, 2009 Draft Mining Act Reviewed, CONCORD TIMES, June 18, 2009, available at http://allafrica.com/stories/200906180704.html.)
According to Alhaji Alpha Kanu, the Minister of Mineral Resources, the draft law will, once enacted, increase government revenues from mining, particularly diamonds, through increases in taxes and through government equity that is expected to go up to 30% from its current rate of 3%. Kanu also noted that the government is concerned about the recruitment of children in mining activities and so the law will discourage their involvement. (Id.)
According to Kanu, the draft law has already been reviewed by a committee including officials from the Ministry of Mining and Mineral Resources, the National Revenue Authority, the Ministry of Finance, and the Strategic Policy Unit and is awaiting Cabinet endorsement before it can be introduced in Parliament. (Id.)
|Author:||Hanibal Goitom More by this author|
|Topic:||Mining More on this topic|
|Jurisdiction:||Sierra Leone More about this jurisdiction|
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Last updated: 06/25/2009