Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
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 …
Read More »ZEMA defers approval of KCM slag project
ZEMA has deferred the approval of KCM’s slag dump project because the mining giant has failed to provide information on radioactive materials associated with the project. And the Zambia Environmental Management Agency has approved 43 projects, deferred 13 in mining and quarry-related projects and rejected two project proposals. In a …
Read More »Revised mines Act will guarantee participation of Zambians – Yaluma
“THE revised mines and minerals Act will guarantee participation of Zambians in mining”, says mines minister Christopher Yaluma. Yamula plans to present the revised law to Parliament, which resumes its sitting today.“We have concluded everything and it will be tabled before Parliament,” he said. The revised law was due to be presented …
Read More »JCTR urges policy consistency on mine taxes
THE Jesuit Centre for Theological Reflection has called for good leadership and consistent economic policy from the new government over mine taxes.JCTR stated that leadership exhibited on the impasse surrounding the new mining tax regime does not inspire confidence and is a source of concern. JCTR wondered if the new …
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