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Chamber of mines clarify windfall tax

The Chamber of mines of Zambia, a consortium of foreign mining companies operating in the country are not opposed to the principal of the windfall tax but how it is applied in the industry, says its President, Emmanuel Mutati. The consortium says while it supports the tax regime, mining companies …

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Mining regulatory framework ‘lopsided’ – LAZ

The legal and fiscal regulatory regime in the Zambian mining sector favours the Government at the expense of other players and there is need to harmonise it to maximize real returns for all players, a legal body has observed. Various reviews undertaken to streamline mining operations from 1993 at the …

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Tanzania’s mining sector forecast to stagnate

Growth of the Tanzania’s mining industry is forecast to stagnate probably until 2018 on account of low gold production, a report by World Mining Report says. Although gold metal is the sector’s mainstay, with the country being the fourth global producer, there are plans by the country to diversify into …

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Vedanta Resources Plc faces ‘de-listing’ from London Stock Exchange

The fate of diversified miner, Vedanta Resources Plc, with operations across the globe including India and Zambia, has heightened with interest groups and lawmakers petitioning the House of Commons in London over the ‘criminal behavior’ of some of the companies listed on the local stock market. Civil rights campaigners, among …

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