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We are ready to dialogue on mine tax concern – Musukwa

Filed under: Breaking News,Business |

Minister of Mines and Minerals Development Richard Musukwa says government will accept proposals case by case any concerns regarding the recent changes to the mine tax regime.

Speaking when he met First Quantum Minerals (FQM) directors, Musukwa advised that particular concerns should be brought to the attention of government.

According to a statement issued by the Zambian High Commission in Pretoria, Musukwa said government had a duty to develop the country from resources that were available.

And FQM director Philip Pascal says his company would submit concerns regarding the new tax changes.

He says Kansanshi Mine would particularly be adversely affected by the recent tax changes because of the unique circumstances such the gold export tax.

He says FQM had invested $5billion the last 20 years in the mines at Kansanshi and Lumwana in NorthWestern Province.

He said over the years, FQM had paid over $3.5 billion in taxes.

Musukwa is at the 25th Africa Mining Indaba being held at the Capetown international Convention Centre.

Today, South African President Cyril Ramaphosa will grace the event with Ghana’s Nana Akufo-Addo.


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