The government has announced the development of draft local content regulations aimed at transforming the mining sector by empowering the nation throughout the mining value chain. The Minister of Mines and Mineral Development, Paul Kabuswe said the forward-thinking move is designed to ensure that Zambian contractors and suppliers have greater …
Read More »Landslide election victory of Hichilema could be good news for Zambia’s mining industry
According to media reports in Zambia, opposition leader Hakainde Hichilema of Zambia won a landslide victory in the country’s presidential election, a development that bodes well for a possible bailout with the International Monetary Fund (IMF). At a press conference in the capital, Lusaka, Electoral Commission of Zambia Chairman Esau …
Read More »Treat mineral royalty payments as deductible expense to avoid double taxation, attract investment-Zambia urged
The Zambia Chamber of Mines has urged Zambia to treat mineral royalty payments as a deductible expense to avoid double taxation and attract investment. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and that provision was kept unchanged in the …
Read More »FQM HANDS OVER 2,000 FACEMASKS FOR LUSAKA’S MAIN HOSPITALS
First Quantum Minerals (FQM) handed over 2,000 facemasks donated by employees from the mining giant’s subsidiary, Kalumbila Minerals Limited, to the Ministry of Health for use at Lusaka’s main hospitals. The hospitals in Lusaka set to benefit from the donation are Chilenje, Levy Mwanawasa and the University Teaching Hospital. “FQM …
Read More »Mine Unions take to the streets Gov support
The Mine Unions and various stakeholders in likes of miners, former miners, residents of Chingola and Chililabombwe took to the streets a solidarity demonstration as a show of support for government’s intervention in the Konkola Copper Mines issue. Joseph Chewe, the Mineworkers Union of Zambia president, charged that Vedanta Resources …
Read More »Local processing plant a necessity and cost effective-Gov
The Zambian government has appealed to the private sector to contemplate on building an emerald processing plant locally. Speaking at the recent Grizzly Mining’s emerald auction in Lusaka, Ministry of Mines Permanent Secretary Paul Chanda stated that a locally built processing plant would be of national benefit. Chanda added that …
Read More »Activist reports damaging to FQM
First Quantum Minerals (FQM) has allayed reports by non-governmental organisations (NGOs) that appear to be ‘calculated to destabilise the trust built up with local people’. The company said the poorly researched reports fuel unrest, distort the views of the majority of local people, and give a disproportionate profile to a …
Read More »KCM, Government, workers mend relations
Konkola Copper Mines has announced intentions to bridge information and expectations gap that currently existing between the mine, the workers, the Unions, the local contractors and government. The company operates Copper mines in Chingola and Chililabombwe. Steven Dinn, KCM Chief Executive Officer said that the meeting was a start of …
Read More »Zambia has a new mining minister
The Zambian President, Edgar Lungu has appointed a new mining minister in a recent cabinet reshuffle that included several changes to other government ministries. In a press release by the government of Zambia, Patriotic Front Parliamentary Chief Whip Richard Musukwa has been named the new Minister of Mines and Minerals …
Read More »Miners, government head for a deadlock
The Chamber of Mines has condemned the new law compelling mining companies and other bulk cargo firms to transport at least 30% of their freight by rail. According to miners, the legislation is ‘economically inappropriate and unworkable’ Brian Mushimba, transport minister said the law was meant to revive the rail …
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