CJA Ltd has been incorporated and intends to go into mining operations. You have been approached as a Tax Consultant on the key consideration for the issuance of license.
Required:
What are the factors to be considered by the Minerals Commission before a license is recommended for issuance? (3 marks)
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i. Evidence of financial and technical resources at the disposal of the applicant.
ii. Proposed amount to be spent on the operations.
iii. Programme of proposed mineral operations.
iv. Applicant’s proposals with respect to the employment and training of nationals in the industry. (Any 3 points)