The National Minerals Agency (NMA) has projected that their Non-Tax Royalties and Licenses fees will generate revenue of Le45.106 billion for the government in 2020. These royalty forecast is expected to be generated from the mineral rights holders, large scale mineral rights, small scale mineral rights, all diamond trading license, all gold trading licenses and all ISB trading licenses. In their summary revenue budget for 2020 they will generate Le17 billion (Le17,581,601,982) from the mines department, receipts and geological department. Their 2020 budget request is Le3.021 billion which will go into the finance and administrative services, geological survey, precious minerals trading and community affairs, communications and public relations divisions. In 2017 their revenue was Le13 billion (Le13,935,163,533), for 2018 they generated Le19 billion (Le19,553,602,146) and in the first half of 2019 they have collected Le10 billion (Le10,697,687,790). Total minerals export in 2018 was Artisanal Diamonds 181,507 carats, Industrial Diamonds 229,627 carats, Gold 135kg, Iron Ore 968,585 tonnes, Bauxite 1,822,123 tonnes, Rutile 130,751 tonnes and Coltan 423 tonnes.
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The NMA Director General, Julius Mattai during their 2020 Budget presentation said that they are concerned over the risks associated with their strategic plan which has to do with growth in illicit and fake trading companies. As part of their mitigating actions they want the harmonisation of export duties in the sub-region and to ensure that there is a well-focused regional presence. They are also constrained with the limited staff capacity to undertake strategic transformation and reform activities. In 2020, they will interpret the countrywide Airborne Geophysical Survey data to generate potential mineral targets in different parts of the country and also undertake an Airborne electromagnetic Survey over priority areas generated from the countrywide Airborne Survey. As orientation survey for the campaign is already completed, they will undertake a countrywide Geochemical Mapping campaign and also review and revise the Mines and Minerals Act 2009 and related Regulations and National Minerals Act 2012. The NMA will also as part of their 2020 deliverables enhance revenue collection in close collaboration with NRA and ensure subscription to Bauxite Index to facilitate accurate computation of royalties due to the government. In 2018, the NMA has an approved budget allocation of Le3.2 billion but nothing was received from the Consolidated Fund. In 2019, Le2.9 billion was approved and the budgetary support received so far is Le575 million. Revenue from other sources amounted to Le19.6 billion in 2018 and Le10.7 billion for first half of 2019. Their operational and administrative expenses for 2018 was Le8 billion and other expenses like salaries, Mines monitoring, Board fees, Geologist and Engineers salaries amounted to Le13.2 billion In the first half of 2019, their operational and administrative expenses was Le5.8 billion and other expenses like salaries, Mines monitoring, Board fees, Geologist and Engineers salaries amounted to Le6.6 billion
By Zainab Iyamide Joaque
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