Emeralds, Rubies Score Big Profits For Foreign Firms As African Countries Go Broke
By Global Information Network Foreign mining companies extract more than a quarter of the world’s production of rare emeralds in Zambia yet declare losses to make themselves tax exempt. So far, charges of tax evasion filed against Kagem mine, a subsidiary of the London-listed gemstone miner Gemfields, have been unsuccessful – dismissed by the Zambian…




