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The First Quantum Minerals (FQM) Head of Government Affairs, John Gladstone made mention that Zambia’s current tax regime for the mining sector is unappealing to potential investors more especially when placed along fellow copper mining countries globally. Among the copper mining countries include Chile, the Democratic Republic of Congo and Tanzania. Gladstone was speaking during …

The post Zambia’s mining tax regime ranked highest-FQM appeared first on Zambian Mining News.

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Plans to restart the Nchanga smelter by Konkola Copper Mines (KCM) are already underway as the proposed date is the 22nd of June 2019. KCM which is owned by Vedanta Resources made mention that Nchanga smelter, located close to Zambia’s boarder with the Democratic Republic of Congo has been loafing pending availability of concentrates. However, …

The post Date set for recommencement at Nchanga Smelter appeared first on Zambian Mining News.

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A report availed to the media has indicated the percentage of tax contributions by First Quantum Minerals (FQM) in the year ended. The just published 2018 Tax Transparency and Contributions to Government Report for First Quantum Minerals (FQM) has revealed that the mine paid more than US$533 million (K5.6 billion) in taxes to the Zambian …

The post FQM’s tax contribution report for 2018 appeared first on Zambian Mining News.

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The Zambia Consolidated Copper Mines-Investment Holding (ZCCM-IH) minority shareholders aired out that the step to cancel Vedanta Resources mining license was conducted in a hurry as the latter currently has no capacity to run the mines. In accordance to a statement availed to the media, Thierry Charles who spoke on behalf of the Euronext Minority …

The post Vedanta’s licence scrapping was quickened – Minority shareholders appeared first on Zambian Mining News.

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The Democratic Republic of Congo’s (DRC) subcontracting regulator known as the ARSP will soon to be launching a campaign for subcontracting activities. According to a statement by the Director General Ahmed Kalej Nkand, the campaign is aimed at recognizing all companies intending on participating in subcontracting activities before licensing them With this, companies operating in …

The post DRC subcontractors at the heart of ARSP appeared first on Zambian Mining News.

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Vedanta Resources is strongly opposing appointment of the provisional liquidator and winding up of Konkola Copper Mines (KCM). The company said neither KCM nor Vedanta Resources was notified of the application and accordingly neither had an opportunity to participate in the hearing. Last week, ZCCM Investments Holdings (ZCCM-IH), a state-owned entity which is a 20.1 …

The post Vedanta oppose winding up appeared first on Zambian Mining News.

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The Economics Association of Zambia (EAZ) president, Lubinda Habazooka said that placing Konkola Copper Mines on temporal liquidation is required following the conditions at mining giant. While EAZ endorsed the move, Dr Habazooka made mention to the media that an appeal to the team entrusted with the liquidation process has been made which should serve …

The post Professionalism required for KCM liquidation-EAZ appeared first on Zambian Mining News.

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Mopani Copper Mine (MCM) has announced plans of closing the Mindola North and Central Shafts, earlier than indicated due to limited resources for operational undertakings. The mine run by Glencore, announced last week that it was shutting down the two shafts whose economic life had come to an end. “As you may be aware, we …

The post Limited resources cause two shafts to close early-Mopani appeared first on Zambian Mining News.

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The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per tonne of gold (g/t Au). …

The post Kouri Project underway in Burkina Faso appeared first on Zambian Mining News.

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A request to Lusaka High Court to grant an order of appointment of Milingo Lungu from Messrs Lungu Simwanza and Company as provisional liquidator of Konkola Copper Mines Plc has been filed by ZCCM-IH Investment Holdings Plc. This is according to an application for ex parte order appointing provisional liquidator filed in the High Court …

The post ZCCM-IH applies to Lusaka High Court to liquidate KCM appeared first on Zambian Mining News.

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