The Zambian government has announced it will take up equity in the country’s copper miners. Coming shortly after the government abolished a windfall tax – following pressure applied by privately-owned mining companies- the announcement has puzzled and worried the sector. A spokesperson for the World Bank – which previously regretted abolition of the windfall tax – says this latest move will “jeopardise” Zambia’s proposed market reforms. Among London-listed companies operating in Zambia is Vedanta.