ZAMBIA: GOVERNMENT TARGETS MINING REVENUES TO RESCUE DEBT SERVICING

   Tue, 28 May 2019

At best, a dispute over one of Zambia’s largest copper mining companies is a warning shot to prevent miners from suspending production and laying off workers in resistance to the new mining code and upcoming imposition of a sales tax. At worst, the government is planning to confiscate highly productive mining assets and to redistribute these to new investors in return for support on debt servicing. EXX Africa assesses the most likely scenarios for yet another high-profile commercial dispute.

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