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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Took ur Q as rhetoric. It is ridiculous when mining companies across Africa hardly pay any CIT while prices Skyrocketed until 2012. For individual mines it is hard to assess without full transparency. Don't you think some mines do aggressive tax planning?
No not rhetorical. Serious question. Yes some companies avoiding but perception overblown. Mining revenue also depends on fiscal design, costs of different mines Eg see Zambia https://resourcegovernance.org/sites/default/files/documents/ninth-time-lucky.pdf …