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Mopani Copper Mines Pays K341 Million in Taxes

The rejuvenated Mopani Copper Mines has paid K341 million (approximately USD$13 million) in taxes since its takeover by Internal Resources Holdings (IRH) in March 2024.

This development was highlighted during a courtesy call by IRH Chief Financial Officer, Abhinay Khowala, on Finance and National Planning Minister Dr Situmbeko Musokotwane in Lusaka today.

Mr Khowala expressed optimism about Mopani’s future, noting the enthusiasm among the workforce.

“There is a great deal of enthusiasm among the workforce, and we are all excited to contribute to the viability of Mopani and the growth of the Zambian economy,” he said, describing Zambia as a mining paradise.

Dr Musokotwane acknowledged the high expectations of the Zambian people regarding IRH’s investment in Mopani.

He emphasised that the company’s prompt tax payments signify a positive start towards job creation, company stability, and expanded business prospects.

“The start you have made in meeting your tax obligations is a step in the right direction,” the Minister remarked.

The Minister also reiterated the Government’s commitment to a business facilitation policy aimed at sustainable and competitive economic growth.

He highlighted investment opportunities in mineral exploration, mine development, and value addition.

International Resources Holding, based in Abu Dhabi, United Arab Emirates, holds a 51% stake in Mopani Copper Mines.

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