Gem Diamonds paid $18.3M taxes and royalties to Botswana and Lesotho in 2017
Wednesday, 20 June 2018 18:01
Gem Diamonds, operating in Botswana and Lesotho, reported it has paid over $18.3 million in taxes and royalties to both countries during the 2017 financial year which ended last December 31.
In a document published yesterday June 19, the company specified that Lesotho received a total of $18.1 million broken into $229,000 in taxes and $17.8 million in royalties. Meanwhile, Botswana were paid $230,000 in royalties only.
In Lesotho, Gem Diamonds operates Letšeng project, the highest dollar-per-carat diamond mine in the world; while in Botswana, it fully owns Ghaghoo mine that was placed on care and maintenance in February 2017.
Louis-Nino Kansoun
Live News
-
Algeria Partners with John Cockerill to Build Local Railcar Industry
11:43
-
Lake Natron: Life in Extreme Conditions
11:36
-
Togo Suspends Artisanal and Industrial Fishing
11:06
-
Burundi Taps Regional Cooperation to Advance Digital Tax Reforms
10:30
-
Cameroon Allocates CFA15bn for Urgent Works on Ebolowa-Ambam Road
10:16
-
Cameroon’s SME Bank to Finance Local Milk and Fish Producers to Cut Imports
10:11
-
Africa could save up to $5trn by 2050 with 100% renewable energy shift (report)
10:08
-
Blood Diamond Trade Still Ongoing in CAR, Kimberley Process Limits Exposed
09:49
-
Nicholas Katongole Bets on Data and IoT to Drive Low-Carbon Livestock Farming
08:21
-
Kribi to Host SNH’s 30,000-BPD Refinery, Targeting 2028 Start
08:06
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...
Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two...
Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
• Africa could save $3 to $5 trillion and create 2.2 million extra jobs with renewables• Installed clean energy capacity would need to reach...
• World Bank projects 5.9% GDP growth for Cape Verde driven by low-cost airlines• Inflation expected to stay low at around 2% thanks to falling fuel...
• Gabon disputes CCC rating, cites reforms and April election.• Fitch flags high debt and deficits, despite recent relief steps.• IMF deal eyed for 2026,...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and...