Zambia’s copper sector, which dominates the country’s export economy, saw production drop in … Zambia Chamber Of Mines | 367 followers on LinkedIn. Telephone: +260 211 258383/4Fax: +260 211 258383/4Website: www.mines.org.zm, Powered by the The Minerals Council South Africa. The Zambia Chamber of Mines has appointed Goodwell Mateyo as its new president. THE Zambia Chamber of Mines has commended Government for the changes to the 2015 mining tax regime announced by Cabinet on Monday. The Chamber of Mines noted that a good proportion of the Eurobond holders also hold shares in mining and prospecting in Zambia. This was contained in a press release issued by the COM on 04 October. The social investments do not form part of the commercial activities undertaken by mining companies but are instead aimed at making positive contribution to the communities surrounding the mine. 13K likes. ZAMBIA’S copper production is likely to remain below one million metric tonnes for at least another three years given the persistent challenges mining companies still face, says the Zambia Chamber of Mines. F our big mines dominate Zambia’s copper production, complemented by several smaller players who also play an important role. The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament. Zambia Chamber of Mines, Lusaka, Zambia. By BUUMBA CHIMBULUTHE mining industry has been put in a more desperate situation as tax relief measures announced over three… The Zambia Chamber of Mines has urged the government to address the issues faced by mining companies amid the Covid-19 pandemic by engaging with the sector. Implement relief measures, mines plead. Although based in Chingola, 15% of its operations—namely Nkana Refinery, Nkana Acid Plants and Nkana Smelter (the largest smelter in the nation) -- are located in Kitwe. Zambia Chamber of Commerce and Industry P.O Box 30844, Lusaka, Zambia Phone: +260-211-252483 Telefax: +260-211-253020 Mobile:+260971581467. In 2012 Zambia was declared EITI compliant. Chamber of mines in Africa’s second largest copper producer has opposed the states proposed mining tax regime. var prefix = 'ma' + 'il' + 'to'; LUSAKA (Reuters) – Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. LUSAKA (Reuters) – Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. addye97ead0615936bbbb2e6a461d62876b9 = addye97ead0615936bbbb2e6a461d62876b9 + 'mines' + '.' + 'org' + '.' + 'zm'; Upon being declared EITI compliant, it implies that Zambia has put in place effective processes for enhancing transparency and accountability in the mining sector. Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday. 13K likes. In 2012 Zambia was declared EITI compliant. The Zambia Chamber of Mines has welcomed the implementation of economic relief measures by the Zambian government originally announced over a month ago, and the securing of approximately 150 million dollars in funding from international partners. Seasoned industry veteran Nicolas Bowen will serve as VP. Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. THE Zambia Chamber of Mines has commended Government for the changes to the 2015 mining tax regime announced by Cabinet on Monday. Omars Lunga-May 6, 2020 0 [email protected] Most Read. THE Zambia Chamber of Mines says the country’s mining companies have suffered an alarming drop in revenue over the three months from February-April 2020, illustrating the financial impact of COVID-19. These are based on the type of mining licence that a particular mine possess, large, small, exploration, service provision etc. Goodwell Mateyo Chamber of Mines President . No. The Zambia Chamber of Mines has asked the government to extend relief to the extractive sector as a means of incentivising and stimulating production. Access to factual information on Chamber members and Namibia’s mining sector is a key function of the Chamber of Mines Accountability & Compliance The Constitution, Code of Conduct and Ethics have mechanisms in place to ensure that mining activities are conducted in an ethical, environmentally and socially responsible manner. Mpile Office park 500+ connections. The Zambia Chamber of Mines is registered as an association for mining and allied companies. document.getElementById('cloak2806a48c3de717d60bf6a4c6e83067d9').innerHTML = ''; In proposals submitted to the finance minister, the chamber said raising the tax burden on mining firms would damage the industry and give away business to the country’s neighbours. var addy2806a48c3de717d60bf6a4c6e83067d9 = 'info' + '@'; The Botswana Chamber of Mines is an organisation established to serve the interests of the mining and exploration companies together with associated industries. 13K likes. Copper exports make out over 70% of total exports from Zambia and mining remains the singlemost important industry to Zambia today. In proposals submitted to the finance minister, the chamber said raising the tax burden on mining firms would damage the industry and give away business to the country’s neighbours. SW CHILEMBO. The Chamber is governed by a constitution while the policy making body is the Council drown from member companies. The Chamber of Mines has introduced the annual Mining Awards Gala, conceived to provide a forum for reorganising and promoting service and excellence in the ining industry in Zambia. Reuters cited the chamber as saying in a statement that it had submitted a three-phase economic plan to the government to manage the economic impact arising from the coronavirus. Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. September 21, 2020. 13K likes. This email address is being protected from spambots. The Zambia Chamber of Mines (ZCM) is an association for mining and allied companies with a Mission of advancing the interests of its members, local communities, the country and all stakeholders whilst promoting sustainable and responsible mining. 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