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HomeMining10% copper concentrate export tax holiday to cost Zambia $100 million

10% copper concentrate export tax holiday to cost Zambia $100 million

By ZBT Analyst  The Zambian government will lose nearly $100 million in revenue following its recent decision to suspend the 10% export duty on copper concentrates. This is after Minister of Finance Dr. Situmbeko Musokotwane, announced this tax waiver to run for three months from February 27, 2026, through May 31, 2026.  The measure covers more than 280,000 tons of copper concentrates which governmet said, cannot be processed locally due to ongoing maintenance and capacity limitations at local smelters.  However, industry sources have indicated that the primary beneficiaries of this tax break may not be the mining companies themselves.  Instead,...

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