Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
By Obert Simwanza The Zambia Council for Social Development (ZCSD) has said that the proposed amendments to the controversial mining taxes will adversely affect the estimated revenue from the 2015 national budget. ZCSD executive director Lewis Mwape said that his organisation had maintained that the 2015 budget was a disaster …
Read More »Rival unions toast review of Zambia’s mineral tax
It is rare that Zambia’s rival unions representing miners in the country agree to eat from the same table though they belong and represent on industry. But over government move to review the 2015 mineral royalties’ tax, the Mine Workers Union of Zambia (MUZ) and its opponent the National Union …
Read More »Struggling Zambia’s copper economy: The need to diversify
The turbulence copper, Zambia’s foreign exchange earner, has found itself in, sounds an alarm for the urgent need for the country to enhance policies and programmes that will help to move away from this metal economic over reliance. Those born before independence in 1964 and shortly after will never forget …
Read More »Chamber of Mines, manufacturers join hands over equipment
The source of mining equipment continues to be a concern in Zambia especially now with the fall in the value of the Kwacha, the local currency, against the US dollar. Other than those suppliers to the industries have also complained of a drop in contracts fearing that many of them …
Read More »Mines seek return to old tax regime
MINING companies want the 2015 mining fiscal regime abolished and a shift back to the double tier taxation system. And independent economic consultant Professor Oliver Saasa has wondered why finance minister Alexander Chikwanda and his mines counterpart, Christopher Yaluma, had to wait for presidential directive over a tax regime that …
Read More »Chamber of Mines, manufacturers join hands over equipment
By Hicks Sikazwe The source of mining equipment continues to be a concern in Zambia especially now with the fall in the value of the Kwacha, the local currency, against the US dollar. Other than those suppliers to the industries have also complained of a drop in contracts fearing that …
Read More »Practical workshops for mining community at CBM-TEC
Free, practical workshops for mining community at Copperbelt Mining Trade Expo & Conference in Kitwe in May “We are addressing a great need in the industry” The free, practical workshops at the Copperbelt Mining Trade Expo and Conference or CBM-TEC in Zambia’s mining hub Kitwe were so well attended last year that …
Read More »StanChart sees Zambia’s copper output stagnating
Further cutbacks and overall production stagnation are anticipated in Zambia’s mining industry in 2015 if global copper prices do not recover, says a latest Standard Chartered research report. According to Standard Chartered’s On the Ground report following the 2015 mining indaba held in Cape Town last month, Zambia’s new royalty …
Read More »Stay engaged, in the interests of trust
As could be expected, the Zambian government’s recent raising of mining royalties – replacing the 30% corporate income tax on mines – has been the focus of much media attention. However, little of this coverage has touched on the essential issue of building a more constructive relationship between mining companies …
Read More »FQM fearful of mining fiscal regime implications
FIRST Quantum Minerals says the mining fiscal regime will put the company’s ability to meet various debt financing obligations at risk, which would curtail expansion programmes and halt further investment. And FQM, the owners of Kansanshi Mine in Solwezi, has recorded a decrease in gross profits for the 2014 financial …
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