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Debate on mining taxation under SI 89 continues

As Zambia seeks to raise enough revenue to meet various financial obligations including infrastructure development, renowned economic analysts contend the policy deprives the treasury of resources. The Statutory Instrument (SI) number 89, which demands Government slapping a 10 percent export levy on copper concentrates by mining companies to allow maximising …

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TECHNOLOGY HELPS TO KEEP MINEWORKERS COOL

Writer: Kim Cloete Mobile units which cool the air in remote underground areas like mines are helping to provide a more comfortable working environment for workers who don’t have access to chilled water for cooling. M-Tech Industrial programme manager, Dr Martin van Eldik, says the Enerflow units are unique in …

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Don’t nationalize KCM, says International Monetary Fund

After lengthy debate by various economic players within and outside Zambia, the International Monetary Fund has added its voice to appeals by the Government not to nationalize Konkola Copper Mines despite its shortcomings in recent years over its operations. In recent years, KCM, one of Zambia’s main copper and cobalt …

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Mopani Copper Mine smelter upgrade completed ahead of schedule

  The mining company has since taking over the unit pledged to cut down the emissions from the smelter a gas which will now be converted into production of acid which the company seeks to maximize in its production unlike releasing to the atmosphere. The completion of the upgrade programme …

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Glencore to cuts jobs in Namibia

  Glencore Xstrata, the Switzerland based and diversified miner seeking to increase jobs at its Zambian operations-Mopani Copper Mines to accelerate its copper and cobalt production, has a contradictory objective in the neighboring Namibia. The diversified and one of the global commodity traders, in Namibia, wants to cut the same …

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