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Mopani Copper Mines has paid K341 million (approximately USD$13 million) in taxes since being taken over by Internal Resources Holdings (IRH) in March 2024. This was revealed during a courtesy call by IRH Chief Financial Officer Abhinay Khowala to Finance and National Planning Minister Dr. Situmbeko Musokotwane in Lusaka.

Khowala expressed enthusiasm about the revitalization of Mopani and its positive impact on the workforce and the Zambian economy, calling Zambia a “mining paradise.” Dr. Musokotwane highlighted the importance of IRH’s investment in Mopani for job creation, company stability, and economic growth, emphasizing the government’s commitment to fostering a competitive and sustainable business environment.

IRH, based in Abu Dhabi, UAE, holds a 51% stake in Mopani Copper Mines.

Curtis Slimar
Author: Curtis Slimar

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