Zambia

Zambia to ease tax rules on copper exports

Cecilia Jamasmie | August 26, 2014
Zambia to ease tax rules on copper exports

Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.

Accusations of Glencore-Zambia tax probe cover-up

Frik Els | August 4, 2014
Accusations of cover-up of Glencore-Zambia tax probe

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.

First Quantum defers $1bn Zambia investment

Jeffrey Richmond | June 24, 2014

Zambian fiscal regime highly uncertain.

Copper price slump tilts Zambian economy into crisis

Frik Els | June 8, 2014
Copper price slump tilts Zambian economy into crisis

Africa's number two copper exporter seeks IMF assistance.

Zambia miners can’t afford 29% power price hike — chamber

Cecilia Jamasmie | April 4, 2014
Zambia miners can’t afford 29% power price hike — chamber

Mining companies in Zambia use about 68% of the country’s electricity, while less than a quarter of the population has access to it.

South Africa Grindrod to build copper railway in Zambia

Cecilia Jamasmie | February 3, 2014
South Africa Grindrod to build copper railway in Zambia

It will connect the landlocked country's vast copper mines to the Atlantic coast.

Vedanta to replace 1,500 Zambian workers with machines

Ana Komnenic | November 2, 2013
Vedanta to fire 1,500 workers in Zambia

Zambian government wants to talk it over.

Zambia restores 10% tax on unprocessed copper exports

Cecilia Jamasmie | October 28, 2013
Zambia restores 10% tax on unprocessed copper exports

Now the duty is on all semi-processed base metals, including copper.

ABB wins $32 million contract to power Africa’s biggest copper mine

ABB | August 8, 2013
Copper production in Zambia on track for 1.5m tonnes

New substation to facilitate reliable power supply to copper mining operation in Zambia.

Zambia lets First Quantum restart dam project halted since May

Cecilia Jamasmie | July 22, 2013
Zambia lets First Quantum restart dam project halted since May

The dam is key for the supply of water to the company’s Sentinel copper mine and the planned Enterprise nickel project.

Vedanta halts plan to cut jobs in Zambian mines

Cecilia Jamasmie | June 6, 2013
BHP chooses to keep Australian coal mine

Measure is expected to reduce tensions with the Zambian government, which threatened to take over the mine in May.

Vedanta raises $1.7bn, India’s largest ever offshore bond sale

Cecilia Jamasmie | May 24, 2013
Vedanta raises $1.7bn, India’s largest ever-offshore bond sale

This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.

Transfer pricing: resource nationalism’s new battleground?

Moves to tighten tax collection and enforcement are a natural accompaniment to more stringent fiscal and local content regimes.

Zambia corners mining companies to stop tax evasion

Cecilia Jamasmie | April 29, 2013
Zambia corners mining companies to stop tax evasion

New rules likely to come into force by mid-May.

Gemfields falls 27% as Zambia imposes ban on gemstones sales

Cecilia Jamasmie | April 8, 2013
Gemfields falls 27% as Zambia imposes ban on gemstones sales

World’s No. 1 emerald producer hits steepest decline in more than four years.

Warehouse stocks surging 40% just the start of copper sea change

Frik Els | March 6, 2013
Grasberg lifts copper price to near 3-month high

Large buyer sees the most metal on offer for the first time in seven years.

Zambia makes large-scale mining fees 15 times higher

Cecilia Jamasmie | February 22, 2013
Zambia makes large-scale mining fees 15 times higher

They'll go from $340 to $5,400 beginning this month.

Zambia revokes license for Chinese-owned coal mine

Cecilia Jamasmie | February 20, 2013
Zambia revokes license for Chinese-owned coal mine

The measure comes in response to violations of safety and environmental laws and a failure to pay mineral royalties.

Copper production in Zambia on track for 1.5m tonnes

MINING.com Editor | February 10, 2013
Copper production in Zambia on track for 1.5m tonnes

Foreign firms pouring $3 billion into the sector.

$400m greenfield copper mines deal in Zambia

Times of Zambia | January 1, 2013

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.

Foreign mining firms face up to 50% wage hikes in Zambia

Frik Els | November 26, 2012
Miners face up to 50% pay hikes in Zambia

Pay and working conditions have become a thorny issue in Zambia particularly when it comes to the many Chinese-run mines in the country.

Vale kicks off copper production at Zambia mine

Cecilia Jamasmie | October 12, 2012
Copper production in Zambia on track for 1.5m tonnes

Brazil's Vale (NYSE:VALE) announced it has started producing copper concentrate at its Lubambe mine in Zambia.

Government officials say Zambia to start publicly declaring mining revenues this year

BrightWire News | September 20, 2012

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.

Finance minister: Zambia to set up $120 million copper transport line

BrightWire News | September 14, 2012

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.

Fatal clash over $80 a month mining wage strains Zambia China relations

Frik Els | August 6, 2012
Copper production in Zambia on track for 1.5m tonnes

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.

After burning fingers in Congo, First Quantum is going big in Zambia

Frik Els | August 6, 2012
Miners face up to 50% pay hikes in Zambia

The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.

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