Mine Contractors, Suppliers hail mines

The Association of Mine Contractors and Suppliers has hailed the mines for their resolve to dialogue with government over new tax system as opposed to issuing threats of job cuts.
Association President Augustine Mubanga has told Money FM News via telephone from the Copperbelt that the association was concerned that the mines resorted to cut down on capital expenditure as well as job cuts as a result of changes made to the tax system.
Mr. Mubanga says the association is pleased that the mines have embraced dialogue with the state over their concerns as opposed to their earlier threats.
“The mines should understand that the people of Zambia are like landlords and they (mines) are the tenants. So the people of Zambia have to decide what they want with their minerals and the mines have no bargaining power,” he said.
Mopani Copper Mines, First Quantum Minerals Limited, Luanshya Copper Mines and Konkola Copper Mines have said they will not lay off workers as a result of the new tax system instead they will engage the government through the dialogue process.


_________________________________________
MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE
_____________________________________________

More From Author

Marketing Like A Prostitute

Ndiili Kunda and Michael Mulusa have an interesting conversation on hands-on marketing with Edwin Ngwane…

Read More

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Government implores commercial banks to help in securing climate finance

Zambia like many African countries is in dire need for climate financing. Securing the much-needed…

Read More

Youth Group urges government to re-invest forfeited US$24 million into KCM

It is prudent to ensure that available liquidity is strategically reinvested into the asset. Injection…

Read More

BuyZed calls for extension of loan appplication deadline for Irrigation Systems, solar equipment

This will help give an opportunity to the major key players who may have known…

Read More