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{
    "id": 471809,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/471809/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Abdalla",
    "speaker_title": "",
    "speaker": {
        "id": 382,
        "legal_name": "Amina Ali Abdalla",
        "slug": "amina-abdalla"
    },
    "content": "want to have a mineral agreement discussion with Treasury and the Ministry of Mining, if we do not put a cap. So, as a Committee, we intend to propose that, only an investor who brings an investment worth USD500million and above should be allowed to have a mineral agreement, so that small players are not going to have time spent by Parliament reviewing an agreement for something that is not worth the time of this House. We will be proposing that that figure of US$500 million be included Hon. Speaker, the other contentious issue that actually bogged our Committee down for very long was the issue of revenue sharing. This Bill did not mention the issue of revenue sharing. However, after consultations with both the Cabinet Secretary and players in the sector, it was found to be important for mining companies to buy social licences to be able to work within communities and have counties not impose unnecessary cess and other levies on those companies. To make the investor environment positive, we will be reinstating the royalty regime back to this Bill with your support."
}