Gemfields faces 21% tax as Zambia reinstates export duty
Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.
More than 300 Dominion Diamond employees and contract workers are at risk of being laid off at the Ekati diamond mine after a fire at the mine’s processing plant on June 23.
Operations at some of the open pits are expected to be temporarily shut down to cut costs while the processing plant is being repaired.
