New mines tax regime under review


Share post:


GOVERNMENT will accept proposals regarding the recent changes to the mine tax regime, minister of mines and minerals development, Mines and Minerals Minister Richard Musukwa has said.

Mr Musukwa said Government had a duty to develop Zambia and ensure that resources were available.

He was speaking when he met, First Quantum Minerals (FQM) directors at the on-going mining 25th Africa mining indaba at the Cape Town International Convention Centre.

Mr Musukwa said that all particular concerns should be brought to the attention of Government.

Meanwhile, FQM director, Philip Pascal said the mine would submit concerns regarding the new tax changes especially regarding Kansanshi that had unique circumstances.

Mr Pascal said FQM had invested US$5billion over the years at Kansanshi and Lumwana mines in North Western Province.

He said over the years, FQM had paid over US$3.5 billion to government in taxes.


Please enter your comment!
Please enter your name here


Related articles

Fuel price rise in Cameroon as subsidies scrapped

Fuel prices in Cameroon will rise by about 15% from Wednesday after the government agreed to pressure from the International Monetary Fund (IMF) to cut fuel subsidies.

Female soldiers challenged 

Kaoma District Commissioner Kashina Sheba has urged female officers and soldiers not to lag and let the male counterparts take the lead in combat role. 

244 Siavonga residents get bursaries

The Siavonga Constituency Development Fund (CDF) committee has awarded bursaries to 244 residents who applied for scholarships in skills development and secondary school education.

Why you should avoid wifely duties with boyfriends

By Anne Muiruri From the time we are young girls, we are told that once we grow up, we will...