Rationalization of the mining fiscal regime

Published on March 5, 2023

With a sound fiscal policy, the mining industry has the potential to be a driving force that can help our economy chart a higher growth trajectory. It is in this context that a single and sound fiscal regime for the extractive industries becomes relevant, urgent, and necessary.

This instrument will enable responsible mining, allowing companies to enhance compliance to environmental laws, rules, and regulations. Rationalizing the mining fiscal regime can make the country’s mining policy predictable and ensure the equitable share of government in the revenues generated from natural resources. The policy can also institutionalize a transparency and accountability mechanism for mining companies.