Mopani Pays $850m Tax

HONE SIAME, Kitwe
MOPANI Copper Mines (MCM) has paid over US$850 million in taxes to Government from 2007 to date.
MCM corporate affairs manager Cephas Sinyangwe said in an interview yesterday that the mining company spends US$ 19 million annually on provision of healthcare services to communities in which it operates and an additional US$3 million to run its schools.
“Over US$850 million in taxes has been paid to the Zambian government between 2007 and March 2015.
“Mopani has invested about US$15 million in the Mopani Central Training Centre. US$5 million is also being invested in the new mining training school at the same premises,” Mr Sinyangwe said.
He also said MCM has is committed to promoting joint venture partnerships between local and foreign enterprises to enhance capacity building and facilitate skills transfer.
“A total of US$230,000 is budgeted annually towards Small Medium Enterprises (SME) development,” Mr Sinyangwe said.
Meanwhile, Mr Sinyangwe said MCM recorded zero cases of HIV/AIDS in children born from HIV positive mothers at all its medical facilities in 2013 and 2014.

Posted by Kunda on June 12, 2015. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

4 Responses to Mopani Pays $850m Tax

Rigoesanchez Reply

June 12, 2015 at 1:09 pm

Only?
poly Reply

June 12, 2015 at 3:26 pm

This Siame must be a monkey.How can you brag of having paid US$850M for a period of eight years?
Bemba Tribalist Reply

June 12, 2015 at 10:06 pm

Sinyangwe you are indeed an idiot if you were quoted right…..if not it is the reporter.
New Educated Zambia© Reply

June 13, 2015 at 11:14 pm

And they say we have a government. Pf is the most docile party in the history of zambian politics. All they care about is their own interests. Only an idiot will vote for pf in 2016.