"...Government will earn 3% royalties from rare earth and 5% - TopicsExpress

"...Government will earn 3% royalties from rare earth and 5% royalties from niobium mined from Kwale...", the find is worth more than USD 100B combined.... So begs the question, who does these deals? 3%? And who pockets the rest? And how does the rest of the world do these deals with foreign mining companies? How has China been doing its deals? 3% is just too little, I sure do hope it is the global standard because if it is not then we are losers in this day and age to do such inferior deals...

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