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DRC Congo copper lead over Zambia

Zambia’s   neighbour, the Democratic Republic of the Congo, formerly Zaire is a vast mineral rich country and one of   the world’s wealthiest, yet   its population   wallows   in unimaginable squalor of poverty. The Central African   nation   is host to a variety of minerals such as, Diamonds, Gold, Coltan (vital   material   for …

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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 …

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Aurecon clinches US 200m Zesco power upgrade contract

Zambia Electricity Supply Corporation (ZESCO) has awarded Aurecon a $200m contract to provide engineering, design and construction supervision services. The World Bank funded project will improve Transmission and Distribution Rehabilitation in Lusaka.The Zambia capital is regarded as the second fastest growing city in Africa. Its electricity demand has grown at …

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New mineral tax under review

Government is to review the mineral tax, if possible defer the implementation of the controversial 2015 increase. President Lungu ha since directed the ministries of Finance and Mines respectively to ensure changes are effected by April 8 to forestall a possible crisis in the mining sector. Last year mineral tax …

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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 …

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