Regulations on mines royalties under Section 64 read with Section 34 of 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 from time to time are hereby further amended in Regulation 33 by the substitution for paragraph (4) thereof of the following: “Royalties from sales or determined market value of mine output shall unless otherwise specified in the Mineral Investment Agreement be as percentage of that value, as follows : Precious metals: 5 per cent; Industrial minerals (not exported): 4 per cent; Industrial minerals (exported): 5 per cent; Building materials: 2 per cent; Dimension stone (Exported): 5 per cent; Base and other metals: 4 per cent.