The Economics Association of Zambia has commended Mopani Copper Mine Limited for the commitment towards preservation of jobs following the introduction of a new mining tax regime.
The Association further commends the mining entity for embracing a mutually beneficial mature dialogue approach towards a win – win outcome for both the government and the mining company.
EAZ National Secretary Mutisunge Zulu tells Money FM News that this comes in the wake of the recent impasse between the government and mining firms following effecting of a new mining tax regime on 01 January, 2019.
Mr. Zulu has urged other mining companies to emulate Mopani and support the government’s initiative to shore up revenues needed for investment in infrastructure development, education and other social needs.
“Mopani, is the first mining firm to commit to preservation of jobs and openly engage in mutually beneficial dialogue. The Association also recognises the efforts of Finance and Mines Ministries in facilitating open door policy accommodating consultative meetings with the mines as they navigate around a win–win outcome,” he said.
Mr. Zulu has also recognised the relentless efforts of the Mine Workers Union of Zambia (MWUZ) and other stakeholders working around the clock to protect the welfare of miners whose jobs are at threat.
He says the Association, is still confident that an amicable solution will be arrived at ultimately.
“EAZ would like to counter claims by international media that have been reporting that Zambia is pricing itself to uncompetitiveness in the mining sector, following the new mining tax changes in mineral royalties. The Association re-iterates that Zambia, remains within similar tax brackets with its base metal peers namely the DRC, Tanzania and Chile. Its ore grade quality for copper remains one of the highest in the world,” said Mr. Zulu.
The EAZ National Secretary says Zambia remains a preferred investment destination.
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