Zambian president directs government to resolve mining tax rows

by Reuters 8 views0

Zambian President Edgar Lungu has directed a "prompt resolution" over a row with mining companies on new royalties and VAT refunds.

The presidency said in a statement on Tuesday.

(READ MORELack of policy clarity hampers investment into Zambia mining)

The statement also said Finance Minister Alexander Chikwanda would discuss the issues with mining companies this week.

(READ MORE: No surprises as Zambian budget speech calls for increased burden on miners)

The simmering disputes over taxes have threatened investment in Africa’s second-biggest copper producer.