Mopani Copper Mines Pays K341 Million in Taxes Following IRH Takeover
Mopani Copper Mines, under the management of International Resources Holdings (IRH) since March, has paid K341 million in taxes, as disclosed by the government.
IRH took over management of Mopani with government support earlier this year, resulting in significant operational and financial improvements for the company.
During a visit by IRH Chief Financial Officer Abhinay Khowala to Finance and National Planning Minister Situmbeko Musokotwane on June 11th, the substantial tax payments by the company were highlighted.
Khowala praised Zambia as a favorable mining destination, emphasizing the company’s financial reliability and its role in job creation and business expansion.
IRH has expressed ambitions to optimize production levels while enhancing mine administration systems, supply chain management, and production processes.
The announcement was made in a statement to the Minister of Finance and National Planning following the recognition of Mopani Copper Mines PLC’s Chief Executive Officer with the prestigious Mining Executive of the Year Award by the CEO Africa RoundTable. This accolade acknowledges outstanding senior executives across various sectors on the continent and globally.
