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Recent News

Government pledges to alleviate load-shedding, commits to settle Maamba collieries bills

The government has pledged to alleviate the country’s problematic load shedding issue by committing to settle the bills it owes Maamba Collieries. Maamba Collieries has been receiving continuous shortfall in monthly payments from ZESCO ever since the company started supplying power in August 2016. This development impacted significantly on the …

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MCL attributes load-shedding to cash flow shortage

Largest coal mining company in Zambia, Maamba Collieries (MCL) considers the developing situation of load-shedding in the country as being largely attributable to non-receipt of full payments from ZESCO. The Coal Miner maintains that it is due to a continued shortfall in monthly payments of its power bills by ZESCO …

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ZCCM-IH Shareholders welcome appointment of new CEO

The minority Shareholders of ZCCM-IH have welcomed the appointment of Mabvuto Chipata as the new Chief Executive Officer. According to a statement released to the press recently, Euronext Minority Shareholders said they are relieved that the Pius Kasolo page has been definitively turned. They also expressed trust in Chipata who …

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FQM offer corporate support to Kalumbila district

Mining Company First Quantum Minerals has declared that they are firm believers in quality education and adult literacy to show this they have donated 6,600 text books worth K117, 480 to the Ministry of General Education The aim by the Miner is to be part of the drive to improve …

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Mopani’s “Optimisation Programme” a disadvantage to locals

Mopani Copper Mine’s contractor optimization programme requires thorough assessment in order to safeguard local contractors. During a meeting in Lusaka with Mopani Copper Mines management when called on at his office, the Mines Minister Richard Musukwa made mention that the suspension of the new procurement method at Mopani still remains …

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Sales Tax scraped off- Gov

During the 2019 National Budget, Dr. Bwalya Ng’andu made mention that Sales Tax would not be implemented yet Value Added Tax (VAT) would be maintained. During the budget speech, the Minister noted that government wanted to do away with VAT due to many leakages in the collection process. “Government has …

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Courting sales tax – the dangers and opportunities for Zambia

If the controversial sections of Zambia’s Sales Tax Bill are not removed to adopt an orthodox sales tax regime complying with the known principles of a modern tax system, it will be in the public interest to continue with the current value-added tax (VAT) regime with variations that address government’s …

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High court suspends KCM wind-up hearing pending appeal ruling

Zambia’s High Court on Tuesday suspended hearings on the winding up of Vedanta Resources’ local mining business until the Court of Appeal rules on the lower court’s refusal to let the matter go to arbitration, the provisional liquidator said. Vedanta has been locked in a dispute with the Zambian government …

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More Gemstone discoveries in readiness for Expo

Monze district expo committee has continued identifying areas of investment in readiness for the Southern Province Tourism and Investment Exposition.   District expo committee and council public relations officer Raymond Kanchele made mention that the team has continued to identify areas of investment as the big event nears its climax. …

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President Lungu gives ear to Argawal over KCM

President Edgar Lungu recently met Vedanta Chairman Anil Argawal at the request of the investor regarding the ongoing liquidation process of Konkola Copper Mine.   During the meeting, Argawal stated his desire to continue running the mine, pay debt owed to contractors and suppliers. Vedanta Chairman further added that he …

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