LAST week, the Minister of Mines Honourable Paul Kabuswe said there would be no tax holidays extended to Vedanta Resources Limited, the parent company that has been handed back control of Konkola Copper Mines following an agreement with ZCCM-IH. Featuring on a radio programme, the minister said government resolved that there would be no incentive or special treatment given to any investor, and that everyone would fall within the mineral taxation requirements. We were elated to hear this declaration from the minister. But even before we could finish clapping for him, he is already undoing his pronouncement. The minister is now saying Vedanta will not make profit over its pledged investment in KCM for the first four years after the...

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