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Zambia introduces screening equipment to monitor mineral exports

Zambia on Thursday introduced equipment which will enable its revenue authority and other government agencies to independently verify the quality of mineral exports, a senior government official said. Treasury Secretary Fredson Yamba said in a statement that Africa’s second-biggest copper producer had previously depended on what mineral exporters said through …

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Stakeholders welcome Chamber of Mines report on Mineral Royalty Tax

The Zambia Chamber of Mines has urged Zambians to download its report on Mineral Royalty Tax, after strong endorsement by leading business personalities, who said the report would promote greater understanding of a complex issue which affects them. The report , A guide to understanding Mineral Royalty Tax (MRT), has …

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Chamber publishes a layman’s guide to understanding Mineral Royalty Tax (MRT)

In a bid to improve public understanding of mining taxation, and promote informed comment, the Chamber of Mines today released a report entitled “A guide to understanding Mineral Royalty Tax (MRT)”. The short, 15-page report is available for download here>>>  Guide to Mineral Royalty Tax (ZCM) – Medium Resolution (1) …

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CHIBULUMA MINES PLC SAVES MORE JOBS AND RE-POSITIONS ITSELF FOR SURVIVAL

Chibuluma Mines embarked on a rigorous operations restructuring programme which was aimed at ensuring the survival of the Company. As a consequence of the restructuring, 300 jobs were initially planned to be lost, however, through dialogue with the Government and the workers representatives (Mineworkers’ Union of Zambia), this number reduced …

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Zambia resumes issuance of new mining licenses

LUSAKA – Zambia has resumed the issuance of new mining licences, renewal and transfer of rights which it suspended in August last year, its mines minister said on Thursday. Mines minister Christopher Yaluma said the government had since the suspension established new licensing regulations to improve the administration of mining …

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First Quantum evaluating alternative power sources for Zambia mines

Providing an update on power supply to its Zambian operations, dual-listed base metals miner First Quantum Minerals noted on Tuesday that its Kansanshi mine and smelter, as well as its Sentinel project, in the North-Western province, were being consistently provided with a total of about 285 MW, despite the country’s …

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China firm awarded contract to build roads in Zambia’s copper belt

  LUSAKA – Zambia’s state Road Development Agency (RDA) on Monday awarded a $492 million contract to a Chinese company to construct and repair roads in Africa’s second-largest copper producer. RDA’s Chief Executive Officer Kanyuka Mumba said after the signing of the contract that China Henan International Cooperation would construct …

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Kalumbila Mine to create over 1,500 jobs

KALUMBILA Minerals Limited general manager Damien Marantelli says the mine will create more than 1,500 direct jobs at full production. According to Marantelli, more jobs would be created through support services by contractors as well as investors in the new Kalumbila town, where 500 housing units, out of 600 built …

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Zambia aims to cut power to mines by up to 30%…

Lusaka-Zambia, Africa’s No.2 copper producer, plans to cut power supplies to mines by up to 30% as early as next week, after water levels at its hydro-electric projects dropped due to drought, industry sources said on Tuesday. The plan, still under discussion with the industry, will see state-run power company …

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