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TIZ bemoans false CSO copper reporting

TRANSPARENCY International Zambia says the false reporting of copper exports by the Central Statistical Office is an indictment on the competence and capacity of the institution. Last week during the signing of an MoU on a new Mineral Value Chain Monitoring Framework with six government ministries, Norwegian Ambassador to Zambia …

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KCM still owes ZCCM-IH over US$59m – report

KONKOLA Copper Mines still owes ZCCM-IH over US$59 million under a Settlement Agreement that was signed in February 2013, according to the latest Auditor General’s report. The Auditor General’s Report on Accounts of Parastatal Bodies and other Statutory Institutions for the 2013 financial year stated that the mining company did …

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Yaluma re-appointed as mines minister to end tax row

LUSAKA — Zambia’s new president Edgar Lungu on Thursday re-appointed Christopher Yaluma as mines minister in Africa’s second-largest copper producer, to help end a row with mining companies over new royalties and tax refunds. The simmering disputes, coming at a time when copper is near 5½-year lows and economic growth …

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Commerce minister says payment of mining royalties can be deferred

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 …

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How to attract investment at the 2015 Mining Indaba

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 …

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