Secondly, the Mines Minister appears not to understand that the big problem facing Zambia’s mining taxation regime is stability. One of the things mining companies have repeatedly said is that constantly changing the fiscal regime whether for good reasons or not does not inspire investor confidence. They have always argued that certainty is paramount to deliver long term investment. Mining companies are therefore more broadly interested in a long term stable policy than the level of the taxation (provided the tax is not unnecessarily high). So what exactly is prompting Mr Simuusa to be sounding off like this?
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