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Zambia ‘Unsustainable’ Tax Plan Seen by Chamber as Closing Mines

Zambia’s plans to more than triple royalties for some mines are “entirely unsustainable” and will cause several operations in Africa’s second-largest copper producer to shut down, an industry lobby group said. “Unviable operations will have to stop operating and of course the subsequent loss of jobs is inevitable,” Jackson Sikamo, …

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FQML bemoanes new revised mineral royalty taxes by Government

Zambia’s largest miner First Quantum are up in arms against the revised mineral royalty taxes saying the proposal to review the regime will have devastating impacts on the Country’s Mining Sector and capital investments as well as new projects. Recently, the mining company announced plans to put aside its planned …

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