Mining legislation boosts Ranobe

THE net present value of World Titanium Resources’ proposed Ranobe mineral sands mine has jumped by 21% to $US310 million ($A299 million) thanks to Madagascar’s Large Investment in Mining legislation.

Mining legislation boosts Ranobe Mining legislation boosts Ranobe Mining legislation boosts Ranobe Mining legislation boosts Ranobe Mining legislation boosts Ranobe

World Titanium said a 21% corporate tax rate, down from 25%, and no dividend withholding tax would apply to Ranobe, with the revised tax rates now being incorporated into the project’s economic model.

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