No change in mining taxes

ZAMBIA, Africa's top copper producer, will maintain existing mining taxes over the long-term even after it scrapped development agreements it had with mining companies, said Finance Minister Situmbeko Musokotwane in Lusaka on Saturday.

ZAMBIA, Africa's top copper producer, will maintain existing mining taxes over the long-term even after it scrapped development agreements it had with mining companies, said Finance Minister Situmbeko Musokotwane in Lusaka on Saturday.

He said Zambia did not intend to reintroduce a 25percent mining windfall tax because that could force some companies to close. - Reuters

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