FINANCE and National Planning Minister Situmbeko Musokotwane has revealed that since the International Resources Holdings (IRH) took over Mopani Copper Mines (MCM) in March this year, the mining company has paid K341 million equivalent to USD$13 million in taxes.
This came to light today when IRH Chief Financial Officer Abhinay Khowala paid a courtesy call on Musokotwane.
Musokotwane affirmed Government’s business facilitation policy stance aimed at growing the economy in a sustainable & competitive manner.
He said there are a lot of investment opportunities in mineral exploration, mine development and value addition.
“Zambia has high expectations in the investment that IRH has made in Mopani, this is why the start you have made in meeting your tax obligations is a step in the right direction, for job creation, company stability and expanded business prospects,” said Musokotwane.
And Khowala reiterated that since the revival of MCM by IRH and the Zambian Government, there is a great deal of enthusiasm among workers of the mine.
He described Zambia as a mining paradise and pledged to contribute to the viability of Mopani and the growth of the Zambian economy.
IRH is based in Abu Dhabi, United Arab Emirates (UAE) and has a 51% stake in the mine.
By Catherine Pule
Kalemba, June 11, 2024
 took over Mopani Copper Mines (MCM) in March this year, the mining company has paid K341 million equivalent to USD$13 million in taxes.){kind=link}