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In light of the African Continental Free Trade Agreement and Zambia’s push to increase export volumes, Bureau Veritas Government Services’ Harrison Muchenga urged mining and manufacturing companies to follow the rules and be compliant with standards and regulations. Speaking during a recent Zambian Association of Manufacturers (ZAM)/ Bureau Veritas (BV) …

Zambia has announced tax breaks for mining companies, lowered its budget deficit target, and stated that debt restructuring talks with creditors are expected to be completed early next year. Mining royalties will be tax-deductible, according to Finance Minister Situmbeko Musokotwane, who delivered his first budget speech to lawmakers since his …

First Quantum, based in Canada, has reduced its total copper production guidance for the year by 15 000 t, to a range of 800 000 t to 835 000 t, as it revised expectations for output from the Cobre Panama mine, as well as Kansanshi and Senitel in Zambia. The …

Commodities like copper are becoming increasingly important as the electric vehicle industry grows. Karan Rathi, board director of mining company Chillerton Group, speaks about the copper industry in Zambia and how the Covid-19 pandemic has heightened investor support for projects and communities. Zambia, after the Democratic Republic of Congo, is …

Mining companies in Zambia are calling for a more stable business environment that would allow them to invest more in production. The Zambia Chamber of Mines, which represents foreign mining companies operating in Zambia, stated that a supportive environment, stable policies, and exploration were critical to the mining industry’s long-term …

Many African governments take a short-term, predatory approach to the sector, playing to populist rhetoric, rather than engaging it as a long-term developmental partner. Africa has the potential to be the continent of the future in the mining industry. However, if government’s approach mining companies in a predatory manner, this …

A“flare up” in mining resource nationalisation from 2020, is set to continue this year and into 2022, reports financial risk management, solutions and insights firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) (Fitch Solutions). Over the past 12 months, resource nationalism in top mining jurisdictions has flared up …

Mining corporations are considering investing in nations that they previously deemed too hazardous, such as the Democratic Republic of the Congo and Zambia, owing to a shrinking pipeline of large copper mines elsewhere and record-high prices. Because of investor concerns about unpredictable regulatory regimes, difficult working conditions, and corruption, some …

The United Nations Industrial Development Organization (UNIDO), the Government of Japan, the Government of Zambia, and Hitachi Construction Machinery are collaborating to meet Zambia’s growing demand for skilled equipment operators in the construction and mining industries. With the shift in the Zambian economy towards more capital and skill-intensive sectors such …

On Wednesday, Zambia’s mines minister stated that the government was examining the mining tax structure with key stakeholders to establish a stable, predictable, and competitive regime. “This will also attract both local and foreign investment in mining and ultimately scale up mineral production in the country,” Minister Paul Kabuswe said …