Zambia Finance Minister Holds Firm on Increased Mining Royalties
LUSAKA (Capital Markets in Africa) – Zambia, Africa’s second-largest copper producer, sees recent changes to its mining royalties regime as fair and won’t consider a review despite warnings from the industry that it could deter investment and result in job losses, Finance Minister Margaret Mwanakatwe said. “There is no renegotiation taking place because a law has been passed in parliament to change the tax regime,” Mwanakatwe said Tuesday in an interview in Cape Town. “We don’t want…
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