It’s a wasteland in the international press this morning: Business leaders in the mining sector aren’t too thrilled with the royalties in the newly-passed Mineral Resources Act, telling Al Monitor that continuing the system will not develop the country’s mineral resources. Hamdy Zaher, former chairman of the Export Council for Mining Materials and Industries, said that a royalties system “will change nothing,” and blamed the underdevelopment of the sector on the government’s failure to create a comprehensive management strategy. Yousef Rajhi, CEO of Pharos Gold Mines, said that the government should introduce a more competitive tax system and change the law to address different minerals separately.

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