December 19, 2019 / 6:04 AM / a month ago

Zambia suspends 15% duty on gemstones - S.Africa's Gemfields

JOHANNESBURG, Dec 19 (Reuters) - South Africa’s Gemfields said on Thursday that the Zambian government has suspended a 15% export duty on gemstones, excluding diamonds, from Jan. 1, 2020.

Miners say the duty, announced in a September 2018 budget, has hurt their operations - one pain point in a wider dispute with the mining industry over tax rates. (Reporting by Emma Rumney; Editing by Muralikumar Anantharaman)

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