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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 …

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) …

Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday. The company, owned by Eurasian Resources Group, plans to shed 996 jobs at its Boss Mining unit and 1 300 …

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 …

LUSAKA – Zambia’s copper production will be around 700 000 t this year and next year before rising to one-million tonnes in 2018, a top government official said on Monday. Copper production in Africa’s second-biggest producer of the metal inched higher to 711 515 t in 2015 from 708 000 …

A Turkish-built floating power plant docked in Nacala port yesterday, 18 February, where it will spend the next two years generating 100 MW for the Zambian market as well as fortifying the electricity grid in northern Mozambique. The ship, which belongs to Turkish power company Karadeniz, will burn heavy fuel …

South Africa’s mining production increased 3.3% year-on-year for 2015, following a decrease of 1.4% in 2014, according to data from Statistics South Africa. Output for December, however, decreased by 0.3% year-on-year, with negative growth rates recorded for iron-ore, down 17.1%; copper, down 15%; manganese ore, down 8.7%; diamonds, down 8.5%; …

Dangote Group, Nigeria’s largest company, is struggling with a constricted supply of foreign-exchange in the West African country and is relying on its international cement operations and export-credit agencies to get around the shortage. “The forex situation is extremely tight in Nigeria,” group executive director Devakumar Edwin said on Wednesday. …

DEMOCRATIC Republic of Congo’s Mines Minister Martin Kabwelulu said he has dropped plans to change the mining code in Africa’s biggest copper producer after opposition from mining companies. “The mining code, which is currently in place, will stay in place,” Mr Kabwelulu said at a speech to investors in Cape …

ZCCM Investment Holdings PLC (ZCCM-IH) says it has embarked on an ambitious diversification programme which will see its interests extended to the manufacturing, power generation, agriculture and real estate sectors. ZCCM-IH Chief Executive Officer, Dr. Pius Kasolo told delegates to the 2016 Investing in African Mining Indaba in Cape Town …