Allana Potash fka AAA

[wshaw14]

I was not aware that the new mining law was a done deal. Looks to be so.

http://www.theethiopianamerican.com/bannerinfo.php
“To encourage investment in the sector, the government has recently reduced the income tax from 35 to 25 percent. Lower royalty payment levels, exemption from customs duty and taxes on mining equipment, guarantees in respect of the right to sell minerals locally or abroad are also included in the new law.

With no investment capital limits, government also provides guarantees for opening of a local account in a foreign currency.
“What we need from investors in the sector is only detailed work plan with budget”