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

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Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday. Zambia plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt, Finance Minister Margaret Mwanakatwe said while delivering the 2019 budget speech last month.














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