Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Government is to review the mineral tax, if possible defer the implementation of the controversial 2015 increase. President Lungu ha since directed the ministries of Finance and Mines respectively to ensure changes are effected by April 8 to forestall a possible crisis in the mining sector. Last year mineral tax …
Read More »Chamber of Mines, manufacturers join hands over equipment
The source of mining equipment continues to be a concern in Zambia especially now with the fall in the value of the Kwacha, the local currency, against the US dollar. Other than those suppliers to the industries have also complained of a drop in contracts fearing that many of them …
Read More »Mines seek return to old tax regime
MINING companies want the 2015 mining fiscal regime abolished and a shift back to the double tier taxation system. And independent economic consultant Professor Oliver Saasa has wondered why finance minister Alexander Chikwanda and his mines counterpart, Christopher Yaluma, had to wait for presidential directive over a tax regime that …
Read More »Chamber of Mines, manufacturers join hands over equipment
By Hicks Sikazwe The source of mining equipment continues to be a concern in Zambia especially now with the fall in the value of the Kwacha, the local currency, against the US dollar. Other than those suppliers to the industries have also complained of a drop in contracts fearing that …
Read More »New mineral tax under review
By Hicks Sikazwe Government is to review the mineral tax, if possible defer the implementation of the controversial 2015 increase. President Lungu ha since directed the ministries of Finance and Mines respectively to ensure changes are effected by April 8 to forestall a possible crisis in the mining sector. Last …
Read More »Mines still required to produce export documentation – ZRA
ZAMBIA Revenue Authority commissioner general Berlin Msiska says mining companies pushing for the accumulated VAT refunds will still have to produce export documentation because “law is law”. Last month, the government relaxed its rules on the documentation mining exporters need to claim tax refunds. The row over how mining companies …
Read More »Aurecon clinches US 200m Zesco power upgrade contract.
Zambia Electricity Supply Corporation (ZESCO) has awarded Aurecon a $200m contract to provide engineering, design and construction supervision services.The World Bank funded project will improve Transmission and Distribution Rehabilitation in Lusaka.The Zambia capital is regarded as the second fastest growing city in Africa. Its Electricity demand has grown at 6% …
Read More »Practical workshops for mining community at CBM-TEC
Free, practical workshops for mining community at Copperbelt Mining Trade Expo & Conference in Kitwe in May “We are addressing a great need in the industry” The free, practical workshops at the Copperbelt Mining Trade Expo and Conference or CBM-TEC in Zambia’s mining hub Kitwe were so well attended last year that …
Read More »Study on rail link between Angola and Zambia to costs US$4.9 million
The African Development Fund (ADF) will provide funding of US$4.9 million for a study to upgrade Angola’s transport plan, including the connection of the national rail network to Zambia, according to an Angolan presidential order. The order approves the financing agreement for a study of the update of the Master …
Read More »Mines fiscal regime will discourage investment – Shula
ECONOMIST Kampamba Shula says Zambia is facing a real risk of discouraging further investments in the mining sector with the raised mineral royalties, which may force companies to avoid paying. Commenting on the controversial 2015 mining fiscal regime that saw mineral royalty tax jump to 20 per cent for open-pit …
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