Mopani Copper Mine pays US$13 million in taxes since March, 2024

  • There is a great deal of enthusiasm among the work force.
  • Zambia is a mining paradise.
  • IRH is keen to ensure that Mopani lumps-up production to optimum levels.

 

Mopani Copper Mines has paid approximately US$13 million or K341 million in taxes since its takeover by International Resources Holdings (IRH) in March, 2024.

Speaking when he paid a courtesy call on Finance Minister Dr. Situmbeko Musokotwane today, IRH Chief Financial Officer, Abhinay Khowala said there is a great deal of enthusiasm among the work force since the revival of Mopani by IRH.

Mr. Khowala described Zambia as a mining paradise, hence his firms’ keenness to ensure that Mopani lumps-up production to optimum levels by putting in place efficient systems of production, mine administration, and supply chain management.

“Since the revival of Mopani by IRH and the Zambian Government, “there is a great deal of enthusiasm among the work force, we are all excited to contribute to the viability of Mopani and the growth of the Zambian economy,” Mr. Khowala stated.

And Dr. Musokotwane said Zambians have high expectations in the US$1.1 billion investment that IRH has made in Mopani.

“This is why the start you have made in meeting your tax obligations is a step in the right direction” for job creation, company stability, and expanded business prospects,” Dr. Musokotwane.

He also affirm Government’s business facilitation policy stance aimed at growing the economy in a sustainable and competitive manner.

Dr. Musokotwane further informed the visiting team about the availability of other investment opportunities in mineral exploration, mine development and value addition.

Mr. Khowala was accompanied to the Ministry by IRH Finance Director, Frijo Francis, and Mopani Copper Mines Tax Manager, Chikusi Banda.

International Resources Holding, based in Abu Dhabi, United Arab Emirates, has a 51% stake in Mopani Copper Mines, while Zambia through ZCCM-IH holds 49 percent shares, with 3 out of 9 board seats.

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