Tuesday, June 26, 2007

Zambia new mining taxes delayed to September - minister

(Reuters) - Zambia has launched negotiations with foreign copper mining firms on raising taxes, but expects to agree new deals in September instead of this month, Commerce and Trade minister Felix Mutati said on Tuesday.

Mutati said negotiations, including raising the mineral royalty rate to 3.0 percent from 0.6 percent, would take longer than initially expected.


Read more at Reuters Africa

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