Commissioner General at the Zambia Revenue Authority, Kingsley Chanda, says the Chamber of mines should put the interest of the country first before issuing reckless statements that injure the economic welfare of Zambians. With barely a week and half to go before Zambiaâs Finance Minister presents the 2020 National Budget to parliament, Zambia Chamber of Mines has gone on the offensive and issued a strong signal against adoption of the General Sales Tax (GST). 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. Fax: +260 211 258383/4 September 21, 2020. THE Zambia Chamber of Mines says the countryâs mining companies have suffered an alarming drop in revenue over the three months from February ⦠var addy2806a48c3de717d60bf6a4c6e83067d9 = 'info' + '@'; THE Zambia Chamber of Mines has commended Government for the changes to the 2015 mining tax regime announced by Cabinet on Monday. SW CHILEMBO. In order to show transparency and accountability in the extraction of Zambia's natural resources, the Chamber of mines joined the Zambia Extractive Industries Transparency Initiative, ZEITI in 2008. Copper exports make out over 70% of total exports from Zambia and mining remains the singlemost important industry to Zambia today. var prefix = 'ma' + 'il' + 'to'; The Zambia Chamber of Mines is registered as an association for mining and allied companies. The Chamber's operations are coordinated by a secretariat based in Zambia's capital city, Lusaka. The Zambia Chamber of Mines has appointed Goodwell Mateyo as its new president. 13K likes. The adjudication of these awards is conducted by a panel of experts and distinguished persons with many years of experience in the mining and allied industry. The Chamber is governed by a constitution while the policy making body is the Council drown from member companies. These are based on the type of mining licence that a particular mine possess, large, small, exploration, service provision etc. Zambia Chamber of Mines. Best Performer in Environmental Management, Best Performer Occupation Health and Safety, Winner-intercompany First Aid Competition. CEO at Zambia Chamber of Mines Zambia Investment Management. You need JavaScript enabled to view it. Such a change in the tax regime would help spur growth in the mining sector and help bondholders mitigate their income loss during the proposed moratorium on coupon payments, the chamber said. The Chamber of Mines noted that a good proportion of the Eurobond holders also hold shares in mining and prospecting in Zambia. The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional bodies and individuals. However, with the nationalisation of the mining industry the necessity for the Chamber of Mines ⦠Upon being declared EITI compliant, it implies that Zambia has put in place effective processes for enhancing transparency and accountability in the mining sector. In 2012 Zambia was declared EITI compliant. You need JavaScript enabled to view it. The mining industry remains the main driver of economic activity in the country and is forecasted to sustain the economy further into the future. The People's Newspaper. document.getElementById('cloake97ead0615936bbbb2e6a461d62876b9').innerHTML = ''; The First National Source of Mining, Energy, Oil and Gas News The Zambia Chamber of Mines is registered as an association for mining and allied companies. Zambia Mining. ZAMBIA Chamber of Mines president Goodwell Mateyo says local mining firms should take advantage of the COVID-19 pandemic to supply more copper on the international market, while other suppliers are still contending with the situation. Chamber of Mines Zambia President Goodwell Mateyo. It operated until 1965 when the Copper Industry Service Bureau (CISB) replaced it. addye97ead0615936bbbb2e6a461d62876b9 = addye97ead0615936bbbb2e6a461d62876b9 + 'mines' + '.' + 'org' + '.' + 'zm'; All the mines are backed by a wide range of respected international investors. Chamber of mines in Africaâs second largest copper producer has opposed the states proposed mining tax regime. Telephone: +260 211 258383/4Fax: +260 211 258383/4Website: www.mines.org.zm, Powered by the The Minerals Council South Africa. Box 20679 Lilongwe 2 Malawi Tel: +265111921932 / +265111929819 The Zambia Chamber of Mines (ZCM) is registered as an association for mining and allied companies both large and small. This was contained in a press release issued by the COM on 04 October. LUSAKA (Reuters) â 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. The Zambia Chamber of Mines is registered as an association for mining and allied companies. Zambia possesses the worldâs highest-grade deposits of copper and is ranked 7th largest copper producer in the world for producing copper.. CEO at Zambia Chamber of Mines Zambia Investment Management. The Zambia Chamber of Mines has appealed to the Government to diffuse tensions and expedite negotiated resolution of the ZESCO-Copperbelt Energy Corporation impasse . Grain Wyson Phillip Malunga. This email address is being protected from spambots. Read More⦠Latest Speeches and Press Releases 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. Email: info(a)mines.org.zm Telephone: +260 211 258383/4 Mining companies including Mopani Copper ines (MCM), Konkola Copper mines (KCM), Barrick Lumwana Mines and First Quantum Minerals (FQM) spend substantial amounts on social investments. Zambia Chamber of Commerce and Industry P.O Box 30844, Lusaka, Zambia Phone: +260-211-252483 Telefax: +260-211-253020 Mobile:+260971581467. Although based in Chingola, 15% of its operationsânamely Nkana Refinery, Nkana Acid Plants and Nkana Smelter (the largest smelter in the nation) -- are located in Kitwe. The Botswana Chamber of Mines is an organisation established to serve the interests of the mining and exploration companies together with associated industries. Zambia Chamber of Mines, Lusaka, Zambia. 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. In 2012 Zambia was declared EITI compliant. It operated until 1965 when the Copper Industry Service Bureau (CISB) replaced it. No. Proposed tax changes will make it difficult to invest in Zambia. LUSAKA (Reuters) â 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. With barely a week and half to go before Zambiaâs Finance Minister presents the 2020 National Budget to parliament, Zambia Chamber of Mines has gone on the offensive and issued a strong signal against adoption of the General Sales Tax (GST). bdo@zacci.co.zm secretariat@zacci.co.zm www.zambiachamber.org The Zambia Chamber of Mines is registered as an association for mining and allied companies. These include investments in infrastructure, health, education, business development and support for alternative livelihood as well as endeavours to support local government to cope with the invlux of people into mining areas. The Nkana Smelter is the largest primary copper production plant in Zambia. Zambiaâs copper sector, which dominates the countryâs export economy, saw production drop in ⦠The Chamber of Mines in Zambia was originally formed in September 1942 as the Northern Rhodesia Chamber of Mines. Such a change in the tax regime would help spur growth in the mining sector and help bondholders mitigate their income loss during the proposed moratorium on coupon payments, the chamber said. Further, the Gala is an opportune event for key players in the industry to showcase their achievements, create business linkages and share experiences. 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. By BUUMBA CHIMBULUTHE mining industry has been put in a more desperate situation as tax relief measures announced over three⦠View Sokwani W. Chilembo⦠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. Subscribe to receive updates directly in your mailbox! Lusaka â Zambia should treat mineral royalty payments as a deductible expense to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. Mining companies have also seen costs increase as they implement COVID-19 prevention measures to ensure the safety of workers and surrounding communities, the Chamber of Mines said. Zambia Chamber of Mines has welcomed economic relief measure. var addy_text2806a48c3de717d60bf6a4c6e83067d9 = 'info' + '@' + 'mines' + '.' + 'org' + '.' + 'zm';document.getElementById('cloak2806a48c3de717d60bf6a4c6e83067d9').innerHTML += '
'+addy_text2806a48c3de717d60bf6a4c6e83067d9+'<\/a>'; MEDIA STATEMENT 28TH September, 2020 Issued by Chamber of Mines For immediate release No⦠News. var prefix = 'ma' + 'il' + 'to'; Budget 2021: Low hanging fruit for a mining-led economic recovery ... Zambia Mines Rescue Bus Handover; January 9, 2019 MINING COMPANIES ACCOUNTED FOR MORE THAN A QUARTER OF GOVERNMENTâS INCOME â ZAMBIA EITI REPORT. / This email address is being protected from spambots. The Ministry of Mines and Minerals Development is responsible for the development and management of mineral resources in a sustainable manner for the benefit of the people of Zambia. var path = 'hr' + 'ef' + '='; The Zambia Chamber of Mines has asked the government to extend relief to the extractive sector as a means of incentivising and stimulating production. T he Zambia Chamber of Mines has released a report about the global mining industryâs most serious skills shortage in decades, and its impact on mining countries around the world â including Zambia.. The Zambia Chamber of Mines has asked the government to extend relief to the extractive sector as a means of incentivising and stimulating production. You need JavaScript enabled to view it. Zambia Chamber of Mines, Lusaka, Zambia. 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. 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. 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. Following privatisation of the ine assets in 2000, the Zambia Chamber of mines was re-established. Implement relief measures, mines plead. Zambia Chamber of Mines Mar 2018 - Present 2 years 11 months. Chasm between copper, cobalt and nickel exploration success and future demand, No âgreen lightâ for mining investment in the 2021 Budget-ZCM, Budget 2021: Low hanging fruit for a mining-led economic recovery, Pandemic puts strain on Zambian mining sector, BLSAâs Mavuso laments lack of investment in South Africa, BARRICK LUMWANA OFFERS COVID-19 EQUIPMENT SUPPORT, Mining Industry Association of Southern Africa (MIASA). P.O.Box 51393 RW, Lusaka, Zambia, Email: info(a)mines.org.zm document.getElementById('cloak2806a48c3de717d60bf6a4c6e83067d9').innerHTML = ''; ZAMBIAâS 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. 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