Regulations on mines royalties the Mines and Minerals Act, No. 33 of 1992.

The Mining (Licensing) Regulation, No. 1 of 1993 published in Gazette Extraordinary, No. 794/23 of November 26, 1993, as amended are hereby further amended in Regulation 33 by the substitution for paragraph (4) thereof of the following: Royalties charged from sales or determined market value of mine output shall, unless otherwise specified in the Mineral Investment Agreement, be a percentage of that value, as following: Precious metals 7%; Industrial minerals (not exported) 6%; Industrial minerals (exported) 7%; Building materials 4%; Dimension stone (exported) 7%; Base and other metals 6%.