Zambian Mining News The Premium Source of Information on The Zambian Mining Industry

GOVERNMENT is reviewing the growth projections of the mining industry in the short to medium term.Minister of Mines, Energy and Energy Development Christopher Yaluma said the mining industry is highly competitive as evidenced by the recent growth levels of copper production in the Democratic Republic of Congo, hence the need …

DESPITE a weak uranium oxide price and the perception that the Trekkopje mine in Erongo has closed down, Areva Resources Namibia remains committed to eventually being a major contributor to the national economy and social enhancement.This was the message of the company’s managing director Hilifa Mbako at the launch of …

THE Kwacha is expected to gain against the United States (US) dollar due to inflows of the greenback on the market, Zanaco Bank says.In its daily treasury newsletter, the bank says the local unit was yesterday anticipated to trade in the range of K7.30 and K7.45 against the dollar in the …

MINES minister Christopher Yaluma says the anticipated K2.3 billion revenue loss from the reversed 2015 mining tax regime is ‘not real’.    The government expects a revenue loss of about K2.3 billion from its decision to reverse the 2015 mining tax regime to the double-tier system. Cabinet recently agreed to …

By Obert Simwanza THE Zambia Chamber of Mines is elated by the government’s decision to peg the mineral royalty tax at nine per cent from the proposed 20 per cent in the 2015 national budget. The adjustment in the taxes is expected to end the long stand controversy between mining investors …