Sibanye raises $500m via metals streaming deal with Franco-Nevada
South African miner seeks to boost its finances after a slump in PGM prices.
Zambia’s finance minister said on Thursday that audits had highlighted tax “issues” with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources (VED.L:Quote), and Canada’s First Quantum Minerals (FM.TO: Quote) in addition to Glencore’s (GLEN.L:Quote) subsidiary in the country.
Situmbeko Musokotwane said earlier this month that an audit showed taxes were still owed by commodity trader Glencore’s Mopani Copper Mines but the company was being given a chance to respond.
