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Lumwana Copper Mine Courts Chinese Interest

Chinese mining companies are reportedly among those that have been invited to make bids for the troubled Zambian mine, Lumwana Copper Mine, despite its owners pouring cold water on the sale claims. The mine which is owned by Barrick Gold Corp, the world’s second largest bullion miner, has been under …

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Growing Focus on Social Transitioning in Mine Closure

Social transitioning is a vital aspect of mine closure that can no longer be ignored. This was the clear message from the 13th International Conference on Mine Closure in Perth earlier last month. SRK is an independent, global network of consulting practices in over 45 countries on six continents. Its …

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Sales Tax scraped off- Gov

During the 2019 National Budget, Dr. Bwalya Ng’andu made mention that Sales Tax would not be implemented yet Value Added Tax (VAT) would be maintained. During the budget speech, the Minister noted that government wanted to do away with VAT due to many leakages in the collection process. “Government has …

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FS Musonda Trading appointed as Powermite agent in Zambia

Electrical crane materials and flexible cables supplier Powermite has appointed FS Musonda Trading, in Kitwe, the Zambian agent for its materials handling product offering. It is important to have a local representative in the country looking after South Africa-based Powermite’s interests, Powermite director Donovan Marks said recently. “We are regularly looking for …

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Bell Equipment benefits from after sales market

Earthmoving equipment manufacturer Bell Equipment’s Zambian operation is benefiting from good demand for after-sales support amid the country’s tough economic conditions. “We have had success with our ReMan re-power programme through which complete rebuilds of articulated dump trucks (ADTs) are undertaken to provide a second life for equipment at reasonable …

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Zambia in eye of self-imposed economic storm

Zambia’s growth is projected to slow to 2% this year, reflecting a decline in mining sector activity, owing to policy uncertainty and the ongoing drought’s impact on the production capacity of the country’s hydropower plants, according to a press release published by the International Monetary Fund (IMF) last month. International …

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Courting sales tax – the dangers and opportunities for Zambia

If the controversial sections of Zambia’s Sales Tax Bill are not removed to adopt an orthodox sales tax regime complying with the known principles of a modern tax system, it will be in the public interest to continue with the current value-added tax (VAT) regime with variations that address government’s …

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Anglo American faces lawsuit for poisoning Zambia’s Kabwe town

Anglo American is facing a huge class lawsuit for its past corporate practices over lead poisoning in Zambia’s Kabwe town. Johannesburg-based attorneys Mbuyisa Moleele and London based human rights law firm Leigh Day are preparing the case and an application to certify a class action will be filed in Johannesburg …

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