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Zambia’s commerce minister said on Tuesday that payment of mining royalties, which Zambia recently increased, can be deferred until companies have sufficient cash flow if they are not in a position to pay immediately. Zambia’s government said last year that it would scrap a corporate income tax of 30 percent …

Despite the challenges of continued decline in commodity prices and the lack of return on investment, there remains a great opportunity on the continent for mining to grow, professional services firm KPMG South Africa CEO Moses Skosana said recently. Sharing his insights ahead of the 2015 Investing in African Mining …

Zambia’s new president to reverse a hike in mining royalties may come too late to revive investment in the sector, with confidence among foreign mining companies shaken and neighbouring Democratic Republic of Congo looking a potential better bet. Eager to fill a hole in its finances, the government said last …

By Hicks Sikazwe Zambia is committed to see that mine companies operating in the country make profit while jobs are fully protected, President Lungu has said. The president, in a clear intervention of the current row over the new open pit mining tax and unpaid VAT refunds, has directed the …

Zambia will maintain a new mineral royalty tax despite fears that it could lead to mine closures, President Edgar Lungu said on Sunday as he was inaugurated in the nation’s capital, reports  Reuters  News Agency. Africa’s second biggest copper producer hiked open pit mining royalties to 20 percent from 6 …