“Sierra Leone plans to cut taxes on gold produced by small, individual miners nearly in half to reduce smuggling and boost exports, a year after the West African state did the same for diamonds, a top mining official told Reuters on Monday.  The move would undo part of a mining law drawn up in 2009 and backed by the International Monetary Fund. The law was meant to increase government revenue in the war-scarred country but instead backfired by triggering a slide in official exports.” [Sometimes third-world politicians are indeed smarter than Yale graduates…]

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=156908&sn=Detail&pid=92730

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