Glencore clears $127 million VAT slate in Zambia and exits
The connection is broken between the Government and the Swiss trading group, which decided to withdraw its $1.5 billion investment from its copper mine.
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▪ Glencore clears $127 million VAT slate in Zambia and exits
▪ The connection is broken between the Government and the Swiss trading group, which decided to withdraw its $1.5 billion investment from its copper mine.
▪ https://www.africabusinessplus.com/en/807039/glencore-clears-127-million-vat-slate-in-zambia-and-exits/
After several requests to the tax authorities in Zambia, Glencore resigned itself to giving up $127 million of recoverable VAT related to its copper mine. The group decided last month to withdraw from the country.
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