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Zambia to reduce underground mining royalties to 6%

Zambia’s government will cut mineral royalties for underground mines to 6%, lower than the 9% proposed earlier, the presidency said on Friday.“Mineral royalty tax will be reduced to 6% from the earlier proposed 9%. It will remain at 9% for openpit mines,” presidential spokesperson Amos Chanda told the media.The government …

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Junior miners perceive Botswana as best investment destination

Botswana is the easiest country in which to carry out junior mining activities, a digital vote declared on the first day of the Junior Indaba here on Wednesday.Botswana received the highest vote from the 160 people attending the conference.Botswana at 42% of the digital vote had double South Africa’s 21%, with …

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KCM importing toxic copper concentrates

KONKOLA Copper Mines has started importing copper concentrate from Chile which contains arsenic, a toxic chemical element that causes cancer if exposed to humans in uncontrolled quantities. But the mining company says it has taken the necessary precautions to ensure that “this and all impurities are captured and safely stored …

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