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Zambia has warned mining companies against taking unilateral decisions to lay off workers on the pretext of seeking recourse to the delayed over US$600 million Value Added Tax refunds. Government’s warning comes in the wake of Glencore owned Kabwe Sable zinc mine laying off 170 workers, of which 158 are …

Zambia’s plans to more than triple royalties for some mines are “entirely unsustainable” and will cause several operations in Africa’s second-largest copper producer to shut down, an industry lobby group said. “Unviable operations will have to stop operating and of course the subsequent loss of jobs is inevitable,” Jackson Sikamo, …

Zambia’s largest miner First Quantum are up in arms against the revised mineral royalty taxes saying the proposal to review the regime will have devastating impacts on the Country’s Mining Sector and capital investments as well as new projects. Recently, the mining company announced plans to put aside its planned …

In a bid to set a new global industry standard in highly reliable Ultrasonic gas leak detection, the MSA has introduced the new Gassonic Observer-I Ultrasonic Gas Leak Detector with Artificial Neural Network (ANN) intelligence. MSA Africa Fixed Gas and Flame Detection product manager Robbie Taitz said in a statement …

As Zambia turns 50, planes by Government to launch the new K50 note has finally come to fruitation ahead of the Country Jubilee Celebration which falls on Friday, October 24, 2014. In an occasion dubbed as the 50Th Independence Anniversary, the launch of the new K50 note is an indication …

Concerns over the revised mineral royalty taxes in Zambia have continued with the country’s leading miner First Quantum Minerals Limited raising fears that the proposals to review the regime will have devastating impact on the country’s mining sector and deter capital investment and new projects. Recently First Quantum Minerals announced …

Yesterday Group R Mining & Exploration Zambia Ltd recorded 300 days LTI-free. LTI stands for Lost Time Injury, which is any injury that prevents any person, staff or contractor, reporting to work on the next shift or next day. Within the underground mining industry this figure is commendable and proves …

The Zambia Chamber of Mines has expressed concern with the revised mining tax regime in the 2015 budget and fears it will stifle growth in the industry which looks up for growth and increased copper output in the coming years. The Chamber which is in the midst of seeking relief …

In the recent 2015 budget speech last Friday, Finance Minister Alexander Chikwanda announced said ,that the Government would increase underground mining royalties to 8% from 6% as part of an effort to revamp the industry’s tax system. The new 30% corporate processing and smelting tax introduced aims to maximise revenue …

Zambia has unveiled the budget in the legislative house for next year’s expenditure with the country expected to utilise an estimated K47 billion in various sectors and programmes during the fiscal year. Addressing lawmakers, finance minister Alexander Chikwanda stated that the Government envisages to spend 25 percent of the total …