AVZ Minerals Ltd Signs MoU with Ministry of Industry

February 17, 2020 06:50 PM PST | By Team Kalkine Media

AVZ Minerals Ltd (ASX: AVZ) has signed MoU (Memorandum of Understanding) with the Government of Congo to create Special Economic Zone (SEZ) in Manono, Tanganyika province of the Democratic Republic of Congo. This SEZ shall help investors to relish exemptions or reductions on taxes both direct and indirect taxes along with royalties, import and export duties.

This will also help the company in developing Manono Lithium and Tin Project and can aid in increasing the profitability with exemptions or reductions on corporate taxation and duty taxes.


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