Zambia: Kansanshi Hails Suspension of Tax on Raw Copper

KANSANSHI Mining, Zambia's largest producer of copper has said the Government's suspension of export duty on unprocessed copper and other minerals will support extensive mining activities to boost the country's economy further.

Through Statutory Instrument (SI) number 89 of 2013 Finance Minister Alexander Chikwanda suspended the 10-per cent excise duty slapped on the export of unprocessed minerals for almost one year. A unit of First Quantum Minerals Limited (FQM), Kansanshi is among mining firms which complained that the excise duty on unprocessed mineral exports negatively affected operations, as stockpiles of raw copper accumulated due to limited treatment facilities locally.

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