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Zambia’s mining tax regime ranked highest-FQM

The First Quantum Minerals (FQM) Head of Government Affairs, John Gladstone made mention that Zambia’s current tax regime for the mining sector is unappealing to potential investors more especially when placed along fellow copper mining countries globally. Among the copper mining countries include Chile, the Democratic Republic of Congo and …

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Date set for recommencement at Nchanga Smelter

Plans to restart the Nchanga smelter by Konkola Copper Mines (KCM) are already underway as the proposed date is the 22nd of June 2019. KCM which is owned by Vedanta Resources made mention that Nchanga smelter, located close to Zambia’s boarder with the Democratic Republic of Congo has been loafing …

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FQM’s tax contribution report for 2018

A report availed to the media has indicated the percentage of tax contributions by First Quantum Minerals (FQM) in the year ended. The just published 2018 Tax Transparency and Contributions to Government Report for First Quantum Minerals (FQM) has revealed that the mine paid more than US$533 million (K5.6 billion) …

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DRC subcontractors at the heart of ARSP

The Democratic Republic of Congo’s (DRC) subcontracting regulator known as the ARSP will soon to be launching a campaign for subcontracting activities. According to a statement by the Director General Ahmed Kalej Nkand, the campaign is aimed at recognizing all companies intending on participating in subcontracting activities before licensing them …

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