Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax
Submitted by admin on Thu, 2025-12-18 10:28 Section: Daily DispatchesBy Nelson Banya
Reuters
Wednesday, December 17, 2025
HARARE, Zimbabwe -- Zimbabwe has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups.
A royalty rate of 5% would continue to apply for gold prices between $1,200 and $5,000 per ounce, according to the revised budget bill, which was approved by Zimbabwe's lower parliament chamber in the early hours of Wednesday following lengthy debate.
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Ivory Coast miners start paying higher royalties after failed resistance, sources tell Reuters
Submitted by admin on Tue, 2025-12-16 17:08 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Tuesday, December 16, 2025
Gold mining companies in Ivory Coast have begun paying a new 8% royalty on revenue, backdated to January, after months of disputing the legality of the levy, three industry sources told Reuters.
Reuters previously reported that the top cocoa producer, which is seeking to diversify its economy, replaced the previous 3% to 6% range linked to contract terms with the flat 8% rate.
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China is quietly destroying the dollar ... and that'll cost you
Submitted by admin on Tue, 2025-12-16 16:45 Section: Daily DispatchesBy Charlie Garcia
MarketWatch, New York
Tuesday, December 16, 2025
China controls the rare earths. China controls the cobalt. China, through its Belt and Road spending spree, now controls most of the mines in Africa that produce the stuff inside your phone, your car, and your refrigerator.
And now China has figured out how to price and settle all of it without using a single U.S. dollar.
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China's CMOC to buy Brazilian gold mines for $1 billion
Submitted by admin on Mon, 2025-12-15 20:41 Section: Daily DispatchesFrom Bloomberg News
Sunday, December 14, 2025
CMOC Group, one of China's biggest miners, extended its push into precious metals with a $1 billion deal to buy the Brazilian operations of Equinox Gold Corp.
It will take full ownership of two Equinox entities -- Leagold LatAm Holdings BV and Luna Gold Corp. -- that control several mines or deposits in the South American nation. Equinox will receive $900 million in cash, plus a contingent payment of as much $115 million one year after the deal closes, CMOC said in an exchange filing.
Dan Oliver: Truth has no room for infinite money
Submitted by admin on Mon, 2025-12-15 16:49 Section: Daily Dispatches4:51p ET Monday, December 15, 2025
Dear Friend of GATA and Gold:
In his essay published today, titled simply "Truth," Myrmikan Capital's Dan Oliver reflects on the civilization-destroying consequences of infinite money, consequences that go far beyond mere inflation of currencies.
Alasdair Macleod: Now it's gold's turn
Submitted by admin on Mon, 2025-12-15 09:03 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Monday, December 15, 2025
Wednesday's Federal Open Market Committee statement confirmed that money printing resumes and is set to undermine the dollar in 2026.
Estimates of future inflation will increase and gold and silver rise further.
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