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MOPANI Copper Mines (MCM) Plc says 20,000 miners risk losing their jobs because Government has withheld its US$200 million in value added tax (VAT) refunds.
MCM chief executive officer Danny Callow said in Kitwe on Tuesday that the continued withholding of VAT refunds by Government will force the Glencore-owned mining company to suspend the ongoing capital projects.
“Some of the projects have since been suspended due to financial constraints and these suspended projects will have a major future impact on our goal to increase copper production by more than 50 percent,” Mr Callow said.
ZAMBIA DAILY MAIL
