Zambia’s finance minister says new mining taxes will not hit operations

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LUSAKA (Reuters) – Mining companies operating in Zambia will still be able to meet their operational costs even after the government implements higher taxes, the finance minister said on Wednesday.

A truck travels to a depth of 516 metres below the surface to collect ore at the Chibuluma copper mine in the Zambian copperbelt region, January 17, 2015. REUTERS/Rogan Ward

“At the proposed taxes we are confident that mining companies will be able to meet their operational costs,” Finance minister Margaret Mwanakatwe told parliament.

Reporting by Chris Mfula; Editing by James Macharia

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