South32 expects to start rebuilding at Mozambique project after post-election hit
Earlier this month, the company retracted its output prediction for the Mozal aluminum smelter in Mozambique.
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.
