For this year, mining royalties paid to September 30 totalled $ 130 million dollars, said Mining Minister Jose Pimentel. The amount exceeds the total raised last year.
The country depends on international prices, according to settled authority, and acknowledged that the high prices of minerals in the foreign market, “we have increased royalties and exports.”
Could be good news, but we are neglecting to save for rainy days, and current government continues to expand its bureaucracy.
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