Lumwana maintains will close once proposed mining taxes are approved

Lumwana maintains will close once proposed mining taxes are approved

Barrick Lumwana Mine has maintain that it will close its operations once the proposed increase in mineral royalty taxes is approved by Parliament and effected in January 2016.

A fact sheet circulated by Lumwana mine says, if the budget is approved as proposed, Lumwana will definitely close, as it would not be viable to continue operating.

The fact sheet documents what Lumwana says would be the direct losses to Zambia and people of North-western province in particular if the mine shuts. See the fact sheet as compiled by Lumina below:

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