Evans Mumba

Yaluma, Mwanakatwe to grace Copperbelt Trade Expo gathering.

Minister of Mines, Energy and Water Development, Christopher Yaluma, and his Commerce, Trade and Industry, counterpart Margaret Mwanakatwe, are expected to lead a high-level government delegation at the forthcoming Copperbelt Mining Trade Expo & Conference (CBM-TEC),  scheduled for May 5-6 in Kitwe. More than 1800 participants including visitors, exhibitors and …

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Adapt to local culture, Chinese investors urged

By Hicks Sikazwe Collum coal mine in Sinazeze, Southern province shut in 2013 for poor safety standards has been opened with a warning to Chinese management to adapt to local culture to avoid conflict. President Edgar Lungu threatened government would withdraw the operating license if the firm did not comply …

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‘Changes to mining taxes to affect 2015 Budget’

By Obert Simwanza The Zambia Council for Social Development (ZCSD) has said that the proposed amendments to the controversial mining taxes will adversely affect the estimated revenue from the 2015 national budget. ZCSD executive director Lewis Mwape said that his organisation had maintained that the 2015 budget was a disaster …

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Expert condemns decision to discard new mine tax regime

FINANCIAL and banking expert Makesa Kalifungwa says Cabinet’s decision to do away with the 2015 mining tax speaks volumes about the lack of direction and policy inconsistencies of the PF government. Last month, President Edgar Lungu directed finance minister Alexander Chikwanda and his mines counterpart Christopher Yaluma to review the …

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Berkeley shifts gears on Kabwe processing plant

  London-listed Berkeley Mineral Resources (BMR) has scrapped the definitive feasibility study- (DFS-) recommended multispiral gravity separation in favour of leach processing for its Kabwe project’s pilot plant, in Zambia. The shift in methodology for the recovery of zinc and lead from the washplant tailings (WPT) and leach plant residue …

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HH speaks out on mine royalty tax

By Obert Simwanza   Zambia’s leading opposition figure Hakainde Hichilema has asked the government to collect what is currently owned by mining investors before seeking to change the taxation system. Hichilema, who leads the largest opposition party – United Party for National Development (UPND) said the government should collect what …

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Zambia backs down over mineral tax

By Hicks Sikazwe Government has backed down over the controversial eight and 20 percent mineral tax effected in January after concerted pressure from mine owners. Following an order by President Edgar Lungu on March 28 to the Ministry of Finance and Mines, Cabinet on Monday approved the changes to the …

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Triton Minerals establishes strategic alliance to explore graphite in Mozambique

Australian company Triton Minerals has signed an agreement to establish a strategic alliance for Mozambique with the AMG Mining AG group through its subsidiary GK Ancuabe Graphite Mine, the company said in a statement issued Tuesday. The strategic alliance has an initial validity of two years, during which the parties will …

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Barrick will not pull out of Lumwana

Barrick Gold Corporation of Canada will after all not pull out from Lumwana in Solwezi Northwestern province following government decision to review the 2015 mineral tax. According to mining.com, “Barrack will continue operations at its Lumwana copper mine in Zambia while the government tweaks a new royalty regime.” Last week …

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DRC Congo copper lead over Zambia

Zambia’s   neighbour, the Democratic Republic of the Congo, formerly Zaire is a vast mineral rich country and one of   the world’s wealthiest, yet   its population   wallows   in unimaginable squalor of poverty. The Central African   nation   is host to a variety of minerals such as, Diamonds, Gold, Coltan (vital   material   for …

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