Rule requiring exporters to produce import certificates from destination countries in order to claim tax refunds will be waived beginning Sept. 8.
Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.
The European Investment Bank will not make public the findings of a 2-year tax-avoidance investigation into the Swiss giant's Zambian copper operation.
Zambian fiscal regime highly uncertain.
Africa's number two copper exporter seeks IMF assistance.
Mining companies in Zambia use about 68% of the country’s electricity, while less than a quarter of the population has access to it.
It will connect the landlocked country's vast copper mines to the Atlantic coast.
Zambian government wants to talk it over.
Now the duty is on all semi-processed base metals, including copper.
New substation to facilitate reliable power supply to copper mining operation in Zambia.
The dam is key for the supply of water to the company’s Sentinel copper mine and the planned Enterprise nickel project.
Measure is expected to reduce tensions with the Zambian government, which threatened to take over the mine in May.
This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.
Moves to tighten tax collection and enforcement are a natural accompaniment to more stringent fiscal and local content regimes.
New rules likely to come into force by mid-May.
World’s No. 1 emerald producer hits steepest decline in more than four years.
Large buyer sees the most metal on offer for the first time in seven years.
They'll go from $340 to $5,400 beginning this month.
The measure comes in response to violations of safety and environmental laws and a failure to pay mineral royalties.
Foreign firms pouring $3 billion into the sector.
THE International Finance Development Corporation (IFDC) has signed a US$400-million investment deal with a local firm for the development of the greenfield copper and emerald mines which will create 6,000 jobs.
Pay and working conditions have become a thorny issue in Zambia particularly when it comes to the many Chinese-run mines in the country.
Brazil's Vale (NYSE:VALE) announced it has started producing copper concentrate at its Lubambe mine in Zambia.
Government officials told reporters today that Zambia aims to start publicly declaring the entirety of its mining revenues by the end of this year amid heightened efforts to increase transparency throughout the sector.
Zambian Finance Minister Alexander Chikwanda told reporters today that the government will invest USD 120 million to rehabilitate a railroad line between the largest producer of copper in Africa and South Africa.
A Chinese supervisor died on Saturday after being hit by a trolley pushed at him at the Collum mine in Zambia during a dispute over minimum wages.
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