The Copperbelt Energy Corporation (CEC) says it has commenced the process of discontinuing power provision to Konkola Copper Mine due to lack of contractual basis to provide the service. Company Senior Manager Corporate Communication Chama Nsabika said the move comes…
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A Financial Analyst has called on the government to reduce the country’s reliance on copper exports but uses the mineral in the local manufacturing industry. Speaking in an interview with Money FM News, Muyumba Mutwale said the Country is not…
Continue Reading Mine Suppliers and Contractors Association say the pronouncement by the government to suspend Mopani mine’s license will not affect the jobs of the miners as suggested by some members of the public. In an interview with Money FM News, Association…
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A Lusaka based Business and Financial Analyst says the decision by two major mines not to lay off workers in view of the new tax system is positive for Zambia’s economy. Mopani Copper Mine and First Quantum Minerals Limited have…
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Former Finance Minister Ng’andu Magande observes need for the government to effectively engage the mines over their concerns over new tax system. Zambia has abolished Value Added Tax (VAT) and replaced it with a non-refundable sales tax in April 2019…
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The latest figures from the Extractive Industries Transparency Initiative (EITI) has revealed that the mining sector accounted for more than a quarter of the Zambia government’s income. The figures shows that the mines contributed K10.72 billion, over US$1 billion in…
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U.S. Ambassador to Zambia Daniel Foote has encouraged government and the communities to continue to work to create the right conditions to attract additional investors in the mine sector. Mr. Foot says stakeholders ought to work together in order to…
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The Public Policy Institute of Zambia says the government should not ignore the threats coming from the Zambia Chambers of Mines of cutting down of about 21, 000 workers due to new tax regime. Institute President Fabian Chewe tells Money…
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Konkola Copper Mines (KCM) in its 2019 Business Development Plan intends to increase its copper production from the current 90, 000 metric tonnes in 2018 to 125,300 metric tonnes in 2019. The mining giant also as at September 2018, was…
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Former Mines Minister Mathias Mphande has encouraged the Government not be blackmailed by mining companies following the announced changes to the mining tax system. In her 2019 national budget presentation, Finance Minister Margaret Mwanakatwe announced plans to increase the country’s…
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Joseph Tembo