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 …
Read More »Automated System for Customs helps Zambia track mining revenue
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 …
Read More »Treat mineral royalty payments as deductible expense to avoid double taxation, attract investment-Zambia urged
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 …
Read More »FQM’s KANSANSHI MINE HANDS OVER REVAMPED MATERNITY WING AT SOLWEZI GENERAL HOSPITAL
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 …
Read More »Trident acquires royalty over Zambian copper mine
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 …
Read More »FQM CALLS FOR TIME TO PRESERVE NATURE
As the mining firm commits to ensuring its operations continue so in an environmentally responsible manner First Quantum Minerals has continued to call for recognition of effective environmental management programmes for mining operations, which should strive for the protection of the ecosystem, add value to local biodiversity and safeguard Zambia’s …
Read More »Kachiwala Sapalo: Integrating sound environmental management practices into mining
Integrating sound environmental, safety and social management practices into mining operations is a huge challenge for the industry, but Kachiwala Sapalo, the new environmental manager at First Quantum Minerals Kalumbila Minerals subsidiary, is determined to help leave a legacy of meaningful environmental and social performance at the mine, which is …
Read More »Zambian emeralds beam hope to world as birthstone of May
Emeralds have been a beacon of hope across the world since time immemorial. Now Zambia is taking its place as the leading source of these precious gemstones, thanks to the world’s largest producing emerald mine – Kagem – in Lufwanyama, which is owned by Gemfields in partnership with the Zambian …
Read More »Mopani Copper Mines to review spending amid Coronavirus threat
Mopani Copper Mines, a Zambia subsidiary of Glencore is set to do a comprehensive review which aims to minimise cash outflow to guard against uncertainty caused by the threat of coronavirus “The rapid decline in the price of copper due to the impact of COVID-19 has now placed significant additional …
Read More »Kagem commends government on support for gemstone sector
Minister of Mines and Mineral Development Hon. Richard Musukwa says the government is working on introducing a steady and predictable fiscal system in the mining sector to facilitate trade and sustainable growth in the industry. “As a country, we would like to operate a fiscal regime that is simple, predictable …
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