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Chamber of Mines praise Government’s effort to save the Mining industry.

The Zambia Chamber of Mines welcomes the changes to the new 2015 Mines and Minerals Development (Amendment) Act which was passed by parliament last Friday. The Chamber maintains its position that the question of having an equitable fiscal regime that promotes the competitiveness of Zambia’s mining sector is not a …

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FQM gives cautious welcome to mining royalties revamp

LUSAKA – Zambia’s largest mining company, First Quantum Minerals (FQM), has welcomed Government’s move to revamp mining royalties as a “step in the right direction” but has called for more to be done to ensure long-term competitiveness and renewed investment in the sector. The new Mines and Minerals Development (Amendment) …

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Zambia scales back mining royalties to 9%

Zambia has approved a proposal to drop a recent and controversial hike in mining royalties and it is returning to a tax system based on profit in a fresh effort to try solving a six-month standoff with miners over the increase. Tthe government has set mining royalties for both open-pit …

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Copperbelt capital equipment supply must be mutually beneficial to ensure sustiainability,argues researcher

Although the mining inputs cluster in Southern Africa, including capital equipment suppliers and the mining equipment sector in Zambia, is well integrated, more needs to be done to ensure mutually beneficial sustainability for all stakeholders, states University of Johannesburg-affiliated research and capacity development group the Centre for Competition Regulation and …

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Alecto secures partners for the Zambia gold project

Gold and base metals exploration and development company Alecto Minerals has signed an agreement with Chinese mining equipment manufacturer Yantai Xinhai Machinery and South Africa-based turnkey solutions provider PenMin for the proposed construction and financing of mining operations at Alecto’s Matala gold project, in Zambia. This followed the positive outcome …

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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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