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Saturday, 26 July 2008

Mine Watch (Windfall Tax Payments)

Kansanshi has paid a total of $30 million to the Treasury in the first major payment by a foreign mining firm of a new windfall tax introduced in April, presumably covering the first quarter. We await further news on the others.


  1. Does the windfall tax apply only to foreign mining companies?

  2. Unfortunately, it doesn't.

    However, that point is also moot, as there are no large Zambian owned mines in the country anymore. Thanks to 'privatisation'.

    They are all either British, American, Canadian and Australian, with the exception of Vedanta, which is Indian. There some Chinese owned mines too I think, or at least parastatals (like BGRIMM).


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