Zambia mining tax: digging a hole? - businesslive.co.za

Multinational mining companies operating in Zambia — including from SA, Switzerland, Australia, Brazil, Canada, England and China — have complained about the government's new mining tax ...

UPDATE 1-Zambia pricing itself out of global mining with ...

(Adds details, background) LUSAKA, Dec 20 (Reuters) - Zambia is pricing itself out of the global mining market with proposed tax increases, the head of the local mining body said on Thursday, a further warning to investors rattled by the government's efforts to squeeze more money from the sector.

First Quantum Minerals to let 2,500 workers in Zambia go ...

Canada's First Quantum Minerals (TSX:FM) became the first top miner with operations in Zambia to react to a planned mining tax increase in the southern African nation by announcing on Friday it ...

Zambia chamber of mines opposes proposed mining tax regime ...

C hamber of mines in Africa's second largest copper producer has opposed the states proposed mining tax regime. This was contained in a press release issued by the COM on 04 October.

Zambia To Introduce Variable Mining Tax Regime To …

The Zambia Chamber of Mines (ZCM) has recently announced that in March, 2016, the government will start employing a new mining tax regime that under its copper price-based design, seeks to boost profits and public spending, as well as promoting investments and support job creation in the sector.

Zambia to slash royalties, reinstate mining tax | MINING.com

Zambia's government is getting ready to cut royalties for underground mines below the recently revised 9% next week, putting an end to a nearly nine-month standoff that has hit output and ...

Zambian Mining News - The Premium Source of …

The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. We provide in-depth coverage of mining projects and the personalities reshaping the mining industry in the country.

Zambia - Taxes on corporate income - PwC

Zambia Corporate - Taxes on corporate income. Choose a topic. Country . See full territory list. Go. Close topic. Zambia principally operates a source-based system for the taxation of income. Income deemed to be from a Zambian source is generally subject to Zambian income tax. However, residence of a person/entity in Zambia will widen the scope of taxation to include interest and dividend ...

First Quantum Minerals Ltd. - First Quantum Minerals ...

today noted the following proposed changes to the Zambian mining tax regime that are pertinent to the Company. The proposed changes were included in the country's 2019 budget delivered on September 28, 2018 to the National Assembly and are expected to take effect from January 1, 2019. Mineral Royalty changes: Increase mineral royalty rates by 1 ...

Zambian mining tax increase: What you need to know

Several proposed changes to the Zambian mining tax regime have been made and included in the country's 2019 budget delivered on 28 September 2018 to the National Assembly and are expected to take effect from 1 January 2019.

Copper Prices Rise as Zambia Hikes Mining Taxes to Fill ...

Zambia's government unveiled a flurry of new taxes on the mining sector starting next year, which could cripple the country's output and exports, and push global prices of industrial metals higher.

Zambia's mining tax changes start to bite - Mining Journal

Zambia's Chamber of Mines had warned last month up to 7,000 direct and 14,000 indirect jobs were at risk if the tax increases were implemented from January.

First Quantum Minerals plans 2,500 layoffs in Zambia over ...

First Quantum Minerals plans 2,500 layoffs in Zambia over tax hikes Zambia plans to introduce new mining duties, replace value-added tax with a sales tax and increase royalties to help bring down ...

Zambia's New Mining Tax Regime May Fail the Test of Time ...

The chart below compares the estimated tax burden of the new and old Zambian mining tax regimes, as well as that imposed by the mining tax regimes of other major copper-producing countries. The chart includes estimates for low-cost and a high-cost mining project to represent the range of typical projects found in Zambia. For both types of projects, the tax burden has fallen considerably. For ...

Zambia : Why is Mr Hakainde Hichilema Siding with the ...

The revised Mining Tax Regime that has seen an increase in Mineral royalty tax rates to be and the introduction of import duty on copper and cobalt concentrates among other measures is designed to ...

Zambia chamber of mines opposes proposed mining tax …

Proposed tax changes will make it difficult to invest in Zambia. Chamber of mines in Africa's second largest copper producer has opposed the states proposed mining tax regime.

Zambia open to talks on mining tax changes - Mining …

Following an emergency meeting of mining companies last week, chamber president Nathan Chishimba said the proposed tax changes would make Zambia "un-investable".

Zambia slaps miner First Quantum with $8 billion tax bill ...

Almost a year ago, tax chief Kingsley Chanda invited companies and people living in Zambia to declare their hidden assets as part of a tax amnesty. There are dozens of mining companies operating ...

Ninth Time Lucky: Is Zambia's Mining Tax the Best Approach ...

Briefing October 2017 Ninth Time Lucky: Is Zambia's Mining Tax the Best Approach to an Uncertain Future? David Manley INTRODUCTION After enjoying one of the greatest mining booms in their country's history, Zambians

Zambian mining group says tax changes will hit mineral ...

LUSAKA – Zambia's proposed mining tax increases will hit mineral exploration and production in Africa's second biggest copper producer, companies involved in exploration said on Tuesday.

Mining in Zambia - Wikipedia

Research by the Overseas Development Institute on the taxes and fees in the Zambian mining sector during privatisation in the late 1990s and the subsequent boom in copper prices reviewed the taxes and fees for mining and compared it internationally for royalties and corporate income tax in other major mining countries.

Mining For Zambia

Mining for Zambia is an industry website aimed at promoting a better understanding of the Zambian mining industry. It highlights key industry issues, and shares information about mining and its contribution to the economy and society. All the content, except for external news items, is free for use.

Zambia Chamber of Mines – Zambia's mining portal

Ministry of Finance takes note of mining taxes statement by Zambia Chamber of Mines. October 4, 2018 . Proposed tax changes will make Zambia 'Un-investable' Conferences Conference Papers. Lee Muzala July 25, 2018. 0 932 . Call for Papers – 4th OHSE National Conference. The Zambia Chamber of Mines will be holding its 4th Occupational Health, Safety and Environment (OHSE) National ...

Mining tax review in doubt as Zambia's ruling party …

Zambia's ruling party is on the verge of a narrow victory in the country's presidential election, dashing the hopes of Canadian mining companies that were seeking a quick reversal of a steep tax ...

CORRECTED-UPDATE 2-Zambia hikes mining taxes in …

Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said in a budget speech on Friday, as crowds outside protested about alleged ...

Zambia's mining tax hike not a disaster | Financial Post

Ever since Zambian politician Michael Sata was elected president in September, investors have been watching the country with concern. One of his main campaign promises was to raise mining taxes ...

Zambia to lift subsidy on mining tax in April 2019 ...

Z ambia, Africa's second largest copper producer, joins the Democratic Republic of Congo in proposing a new mining tax regime in 2019. Not too long ago, the DRC revised its mining taxes higher to …

Canadian miner First Quantum plans 2,500 layoffs in …

First Quantum Minerals (FQM) said on Friday that it would lay off 2,500 workers in Zambia over plans by Africa's No. 2 copper producer to hike mining taxes.

We Are Experienced

We Are Experienced DFG is quite experienced in construction, milling and mining industry. Requirements like customized designs, advanced equipment and faultless services are available.

About us

  • Add: No.416 Jianye Road, South Jinqiao Area,Pudong New Area, Shanghai, China.
  • Zip: 201201
  • Tel: +86-21-58386189, 58386176
  • E-mail: [email protected]