JSE-listed coloured gemstone miner Gemfields said on Tuesday that the Zambian Revenue Authority (ZRA) had cleared its Kagem mine, following a recent tax investigation.
The investigation started in August when the ZRA served two search warrants during an unannounced visit to Kagem. The search warrants authorised the ZRA to take wide-ranging documents and files including those allegedly “used by Kagem Mining/Limpopo Polygraphs to evade the payment of value added tax, income tax, withholding tax and other taxes”.