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MTHULI NCUBE Warned New Gold Royalties Will Fuel Smuggling
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MTHULI NCUBE Warned New Gold Royalties Will Fuel Smuggling
Small-scale miners reject new gold royalty structure. Federation warns policy will drive gold to the black market. Minister Mthuli Ncube aims to increase state revenue through hikes. Miners claim profit margins are already squeezed by operational costs. Fears of increased gold smuggling to Dubai and South Africa. Finance Minister Mthuli Ncube faces a fresh revolt from the mining sector after small-scale gold miners issued a stern warning regardi…
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