FISCAL REGIME RELATED TO THE MINING INDUSTRY

Country Profile
• Formerly called the Gold Coast.
• Independent constitutional democracy.
• Multi-Party democracy restored since 1992.
• Population of 25.9 million with a land area of 239,000 km2.
• English Common & Customary Law in use.
• Competitive fiscal policy and incentives for mining and mineral exploration.
• 2.5 million ounces of gold produced per annum representing 42% of exports.
• Mining friendly jurisdiction.
• Numerous large scale and smaller alluvial gold mines in production.
• Ranked as fastest reforming economy in Africa.

All  mineral  resources  are  managed  for  the  Government  of  Ghana  by  the  Minerals Commission.  A  new  2006  Act  of  Parliament  (Act  703)  governing  fiscal  issues  is  in place  with  the  main  highlights  as  follows:

• 25% corporate income tax with no additional profits tax.
• 8% withholding tax on dividends paid.
• Capital  allowances  of  75%  for  1st  Year  and  50%  of  balance  for  the  following  years.
• From  3%  to  6%  royalty  paid  to  the  Government  of  Ghana  on  all  gold  and  diamonds produced.
• 10%  free  carried  equity  stake  held  by  the  Government  of  Ghana  for  no  consideration and no right of the Government to purchase additional equity.
• Stability  agreements  entered  into  for  periods  of  up  to  15  years  to  protect  the company  from  future  changes  in  law  that  might  impose  a  large  financial  burden  on  the company.  Must be approved by Parliament.
• Exemptions on import duties and taxes for mining plant and equipment.
• Up  to 75% retention of proceeds from sales of minerals in foreign currencies.


Exploration Development

We use our wealth of experience and the pool of requisite tools in the geology of Ghana to locate, acquire and review opportunities by:
• Expanding its minable alluvial resource base through property acquisition and exploration.
• Researching the exploration work already completed on the bedrock mineralization with a goal of defining a world class resource of interest.

Gold Mine Concession
Helvent Investment Limited wishes to inform all clients who intend to purchase gold mine concessions that the company undertakes Joint Venture Partnerships, which are available for medium and large scale mines, moreover, the company also makes available outright sale of concessions for medium and large scale mines.
Documents are also made available only on demand to interested clients. Clients are required to make serious enquiries only, Helvent investment Limited excludes third party agents in its gold mine concessions.