Kagem delivers USD 5M dividend to the IDC
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LUSAKA, ZAMBIA – Kagem Mining Limited has delivered a USD 5 million dividend to the Zambian government’s Industrial Development Corporation (IDC) Limited, which owns 25% of the emerald mining company in Lufwanyama. Kagem delivers the dividend for the second consecutive year, which are the first dividends delivered since 2016. This dividend is in addition to the USD 11.5 million mineral royalty tax paid on the sale of emeralds at auction during 2022 and the USD 13.3 million corporation tax payable for the year ended 31 December 2022. “Kagem’s Zambian emeralds continue to attract a worldwide market, and it is this...