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Zambia looking to review mining taxes

Finance minister, Alexander Chikwanda, says Zambia wants to review mining taxes to boost government revenue.

Zambia, Africa’s second-biggest copper producer, wants to review mining taxes to boost government revenue after “inadequate” receipts from the sector last year, finance minister Alexander Chikwanda has said.

Mining taxes contributed 18.8 percent to government revenue in 2013, Chikwanda told parliament late on Tuesday. 

“The contribution of the mining sector is admittedly inadequate. It is only fit and proper that the country gets optimal revenue from its depleting resources. There will be an appropriate and opportune time for parliament to review the existing legislation,” he said. (Reporting by Chris Mfula; Editing by Ed Cropley; Editing by Stella Mapenzauswa)

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