Local News

Zambia’s president, Edgar Lungu, promised mining investors on Thursday that his country would create a more streamlined tax administration system to make it easier for them to do business. Zambia’s mining tax regime has been a thorny problem since the privatization of mines in the early 1990s, said Edgar Lungu …

The Zambia International Mining & Energy Conference & Exhibition, which has been Zambia’s leading mining and energy meeting for the past decade, will commemorate its tenth anniversary with a virtual version on the 4th and 5th of May, 2021. The organizers of ZIMEC 2021, namely the Ministry of Mines and …

Zambian President Edgar Lungu has hit out at ‘mining investors who cry foul’ whenever Zambia sought to increase its share of its natural wealth. He said the country would take a major stake in some mines as he unveiled an economic recovery plan for the debt-burdened country. “We must assume …

The International Monetary Fund (IMF) has indicated willingness to discuss the country’s  broad elements of the Economic Recovery Program, which seeks to restore macroeconomic stability, attain fiscal and debt sustainability, restore growth and safeguard social sector spending. “Given the deep-rooted challenges faced, policies would need to be calibrated to restore …

Mark Cutifani, Anglo American CE, has refuted allegations that the company is responsible for lead poisoning at a Zambian lead mine he part-owned almost 50 years ago and intended to defend himself after a class action against the miner was filed. On behalf of what they claim is believed to …

The Attorney General office has been sued for failing to ensure that the Supreme Court Judgments regarding Kalengwa mine are implemented. It is believed that the failure of the office of the AG has resulted in the perpetuation of fraudulent activities which have been going on at the mine despite …

The UNCTAD data evaluation tool was developed as part of its Automated System for Customs (ASYCUDA), which helps developing countries modernise customs clearance processes. The new system, The Mineral Output Statistical Evaluation System (Moses), is already helping Zambia track mining revenue. Moses, developed by the Zambia Revenue Authority and the …

The Zambia Chamber of Mines has urged Zambia to treat mineral royalty payments as a deductible expense to avoid double taxation and attract investment. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and that provision was kept unchanged in the …

First Quantum Minerals (FQM) subsidiary Kansanshi Mining Plc has officially handed over the reconstructed maternity wing at Solwezi General Hospital to the government following repairs to extensive storm damage to the building. The entire roof of the hospital’s maternity wing and trusses covering an area of 768 sq. metres were …

Trident Resources has acquired a gross revenue royalty (GRR) over production from Moxico Resources’ Mimbula copper mine, in Zambia, as well as over associated stockpiles, for $5-million in cash. Trident is entitled to royalty payments on production starting from July 1 and extending in perpetuity. Moxico is a private company, which is rapidly …