Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
By Hicks Sikazwe Zambia is committed to see that mine companies operating in the country make profit while jobs are fully protected, President Lungu has said. The president, in a clear intervention of the current row over the new open pit mining tax and unpaid VAT refunds, has directed the …
Read More »Zambia’s new mineral tax to stay-Lungu
Zambia will maintain a new mineral royalty tax despite fears that it could lead to mine closures, President Edgar Lungu said on Sunday as he was inaugurated in the nation’s capital, reports Reuters News Agency. Africa’s second biggest copper producer hiked open pit mining royalties to 20 percent from 6 …
Read More »Johan- Ernst Linström is new Airgas Sales boss
Johan-Ernst Linström has been appointed Airgas Sales Manager with effect from January 28, 2015. He assumes sales responsibilities at the firm, a Sub-Saharan subsidiary of German-based Aerzener Maschinenfabrik (Aerzen) – one of the world’s leading specialists in the design and manufacture of roots blowers, turbo blowers, screw compressors, rotary lobe …
Read More »Lungu steps into Sata’s shoes as President
By Hicks Sikazwe Zambia’s Justice Minister Edgar Lungu has stepped into Michael Sata’s shoes becoming the sixth president of Africa’s leading copper producer. Lungu, who turns 59 in November, was elected in the January 20 by-election beating his closest rival, Hakainde Hichilema of the United for National Development Party (UPND) …
Read More »CBM-TEC 2015 exhibition space sells like hotcakes
Outdoor exhibition space is selling out fast at this year’s Copperbelt Mining and Trade Expo (CBM-TEC) and only 30 indoor stands are available so far. According to Mining Review.com, the outdoor space at CBM-TEC which takes place in Kitwe from May 5 – 6, had officially been sold out and …
Read More »New Tax Regime coupled with slump in copper prices will cripple mines – Chamber of Mines
Pix:Mr. Shula Shula The continued copper price slump coupled with the new 2015 tax regime will cripple local mines, says the Zambia Chamber of Mines. Last week, copper prices plunged to a five-year low amid speculation that China’s copper demand growth is slowing down the global economy. The red metal, …
Read More »Bwana Mkubwa Mine stands test of time
By Potipher Tembo BWANA Mkubwa Mine has continued to be one of the oldest mines in Zambia which has resisted permanent closure. Being a land-locked but a land-linked country, Zambia has from time immemorial depended on mining, especially copper mining, to manage her economy. The country has for many years …
Read More »Kagem 2014 tax remittance beats auction revenue
By Hicks Sikazwe Kagem Emerald mine has remitted a higher amount in taxes than what the country raised at the gemstone auctioning exhibition last year. Acting president Guy Scott, who also hailed the firm for its excellent social responsibility programme said Kagem in 2014 paid $36 million. Calling on the …
Read More »Mabiza Resources appoints Matthew Banda as GM
Mabiza Resources Limited(MRL) which operates Munali Nickel Mine has appointed Mr. Matthew Banda as General Manager of the company. This comes after Consolidated Nickel Mines Plc (CNM) the holding company partnered with Jinchuan to restart mining operations at the nickel mine, located 75 km south of Lusaka in Mazabuka, Southern …
Read More »African Mining Indaba woos notable visionaries
The 2015 Investing in African Mining Indaba scheduled for February 9 – 12 in Cape Town South Africa will feature an array of globally recognised economic visionaries, mining thought leaders and some of Africa’s largest deal-makers. About 7000 delegates from more than 110 countries will attend the Indaba and listen …
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