Zambia will enforce copper import tax - mining minister

CAPE TOWN (Reuters) - Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said.

~ Reuters

Related Articles

100%

Gold deal rush sweeps by broader mining sector

Chris LaFemina, a managing director at Jefferies bank, said shareholders, bruised by overspending at the top of the last cycle that never delivered returns, would only clamour for broader consolidation if the macro environment changed.

Reuters , Africa Feb 5, 2019
96%

Ghana to miners:"Respect the land that provides the riches"

CAPE TOWN (Reuters) - Ghana’s President Nana Akufo-Addo demanded mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with ...

Reuters , Africa Feb 5, 2019
86%

Zambia fires CEO of state mining investment arm ZCCM-IH

On Monday, Kasolo said the government should quickly resolve its tax row with mining companies to avoid hitting operations and ZCCM-IH dividends.

Reuters , Africa Feb 1, 2019
81%

African Mining Indaba 2019 to build on 2018 content revamp - organisers

CAPE TOWN - This year's Investing in African Mining indaba to be held in Cape Town next week will explore how the industry can be further supported to help drive investment, while gender diversity and a greater focus on junior miners will form par...

IOL , South Africa Jan 31, 2019
80%

SA mining needs a proper boost, says analyst

Speaking on the sidelines of the Mining Indaba in Cape Town, Hochreiter, who works for Noah Capital Markets, said the industry was burdened by headcount costs and heavy taxes on companies.

IOL , South Africa Feb 7, 2019
75%

Nuclear tech for efficient exploitation of Zambia’s mineral resources

On May 15, 2018, the Republic of Zambia and Russia signed an engineering, procurement and construction contract for the Centre of Nuclear Science and Technology (CNST) in Chongwe.

IOL , South Africa Feb 5, 2019
69%

Guinea not flexible on Simandou infrastructure - minister

CAPE TOWN (Reuters) - Guinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on ...

Reuters , Africa Feb 7, 2019
67%

SA's tough choice: Land redistribution or mining investment?

CAPE TOWN – South Africa's government faces a tough balancing act as it tries to attract foreign investors into the key mining sector while also pledging to seize land without paying compensation.

EWN , South Africa Feb 9, 2019
67%

Saudi Arabia to spend $3.8 bln to enhance mineral exploration

CAPE TOWN (Reuters) - Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.

Reuters , Africa Feb 6, 2019
66%

All hail Ramaphosa's 'New Dawn'

“The new administration here, led by a man who understands the global economy very well, certainly has an extremely difficult task ahead to ensure that South Africans who suffered untold misery under apartheid don’t run out of patience with the el...

IOL , South Africa Feb 6, 2019
62%

#MiningIndaba: Minister Mantashe sets positive tone at Indaba

CAPE TOWN – The keynote speech by mineral resources minister Gwede Mantashe at Mining Indaba emphasised important issues for industry growth, such as community relations and infrastructure development.

IOL , South Africa Feb 4, 2019
61%

Foreign mining companies in Zambia accused of extorting country’s mineral wealth

Veteran politician and freedom fighter Sikota Wina, former ZCCM Investment Holdings Chairman Francis Kaunda, former minister in the Movement for Multi-Party Democracy party Peter Machungwa, and Yotam Kacham jointly asserted that mining companies w...

IOL , South Africa Feb 1, 2019
60%

#MiningIndaba: Mantashe's message to investors gets thumbs up

South Africa's mineral resources minister Gwede Mantashe addresses the Investing in African Mining Indaba on February 4.

IOL , South Africa Feb 4, 2019
60%

Mantashe tells Australian miner to mine responsibly in the Western Cape

Mantashe said this after conducting an in-loco inspection at Tormin mine, owned by Australian company Mineral Sands Resources (MSR), outside Vredendal, on the west coast near Lutzville, in the Western Cape.

IOL , South Africa Feb 8, 2019
59%

South African miners want restructuring of power firm Eskom

Top government officials will discuss whether to split Eskom into generation, transmission and distribution units at a cabinet meeting starting on Wednesday as part of efforts to rescue the company from financial crisis.

Reuters , Africa Jan 30, 2019
59%

Ramaphosa addresses mining sector's worries over Eskom and land grabs

President Cyril Ramaphosa has directly addressed key concerns of mining companies and investors in the sector around electricity prices and supply, as well as SA's land reform plans, BusinessLIVE reported.

Times Live , South Africa Feb 5, 2019
56%

Gloria mine death toll rises to 6, as poisonous gas halts rescue efforts

The death toll at the Gloria coal mine near Middelburg in Mpumalanga has risen to six and rescue efforts have for now been halted owing to a plethora of dangers.

News 24 , South Africa Feb 8, 2019
56%

Museveni sets terms for Kilembe Mines investor

But a commission appointed by the State Minister for Investment, Ms Evelyn Anite, to look into the Chinese operations recommended the cancellation of the contract, saying the investor had caused financial loss to government.

Daily Monitor , Uganda Feb 9, 2019
55%

Brazilians little moved by Vale overtures in wake of disaster

BRUMADINHO, Brazil (Reuters) - Residents of the Brazilian state of Minas Gerais reacted with indifference and in many cases dismissal at a raft of measures mining giant Vale SA pledged to adopt in recent days in the wake of a dam burst that likely...

Reuters , Africa Jan 31, 2019
55%

Ramaphosa: Govt to unveil plan to shore up Eskom’s finances

President Cyril Ramaphosa has told delegates at the Mining Indaba in Cape Town that the government will not allow Eskom to fail.

EWN , South Africa Feb 4, 2019