Zambia Billions... Zambian Revenue Authority have sent First Quantum an $8 billion tax bill https://www.reuters.com/article/us-zambia-tax/zambia-slaps-miner-first-quantum-with-8-billion-tax-bill-idUSKBN1GW2FD … For context: thats about 10x FQM spend on capex & opex at Kinsanshi mine last year & more than the whole government budget
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But you do not dispute that Glencore shifted profits to Switzerland? This is to my knowledge still the issue in a court case in Zambia
I expect they probably did. But not to extent of the $bns that ppl have been led to hope for. Minerals monitoring project found some production figure discrepancies but not systematic (in general, I dont know which Co.s) and there should be revenue gainshttps://miningforzambia.com/counting-the-copper-in-a-mineral-production-process/ …