Jump to navigation

Vol 55 No 12

Published 13th June 2014


Fury over Vedanta

A foreign company’s comments sparked public and government anger in a far-reaching debate about mining policy and taxes

Calls for higher mining taxes are increasing and new audits are in progress after comments about Zambia by the Vedanta Resources Chairman, Anil Agarwal, caused outrage. On 9 June, the Zambia Revenue Authority announced it would undertake a forensic tax audit going back to 2007. London-listed Vedanta is the largest shareholder in Konkola Copper Mines (KCM) yet its share price, which has been slowly rising over the last two months, has not been not affected.

End of preview - This article contains approximately 1435 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.