The rejuvenated Mopani Copper Mines has paid K341 million (approximately USD$13 million) in taxes since its takeover by Internal Resources Holdings (IRH) in March, 2024. This came to light when IRH Chief Financial Officer, ABHINAY KHOWALA paid a courtesy call on Finance and National Planning Minister Dr SITUMBEKO MUSOKOTWANE, in Lusaka today.
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,” said Mr. KHOWALA, who also described Zambia as a mining paradise.
And Dr Musokotwane says the people of Zambia have high expectations in the 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. He also affirmed the Government’s business facilitation policy stance aimed at growing the economy in a sustainable & competitive manner, and talked about investment opportunities in mineral exploration, mine development and value addition.
International Resources Holding, based in Abu Dhabi, United Arab Emirates, has a 51% stake in Mopani Copper Mines.