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Copper miners in Zambia have halted 2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. A plan by First.
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Sep 30, 2020018332Zambia doesnt get enough from its mineral resources, but would be willing to consider mining company grievances over the royalty, Finance Minister Bwalya Ngandu told state television on Sunday. Zambia, Africas No. 2 copper producer, depends on.
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Aug 04, 2019018332The government of Zambia has defended its efforts to kick London-based copper miner Vedanta Resources out of the country, in an escalating row.
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Sep 30, 2020018332Copper miners in Zambia have halted 2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group.
Sep 30, 2020018332More about Zambia economic challenges. The revenue-based royalty increases from a minimum of 5.5 to 7.5 when copper trades at 6,000 to 7,500 a ton, with a further jump to 10 should prices top.
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