Mining companies reject windfall tax

Posted on | February 7, 2010 | Comments Off

MINING companies have vehemently opposed the reintroduction of a windfall mining tax in Zambia despite the current boom in international copper prices, warning that raising taxation could plant uncertainty in future investments in the sector. Among the companies involved is London-listed Vedanta.

See http://www.minesandcommunities.org/article.php?a=9844.

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• The London Mining Network (LMN) is an alliance of human rights, development and environmental groups. We pledge to expose the key role of companies listed on the London Stock Exchange, London-based funders and the British Government in the promotion of unacceptable mining projects. Read more on our About page.

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