Investment in Zambia's mining sector tripled in 2022 thanks largely to the introduction of various tax incentives in the new Government's first budget and the apparent commitment to maintaining a stable mining tax policy. In the first edition of our mining report, we focused on how Zambia's mining sector can rebuild trust among stakeholders.
For 2 decades, Zambia's mining sector has experienced significant foreign interest and investment driven mainly by the privatization of state-owned Zambia Consolidated Copper Mines ("ZCCM"), a low taxation environment and low political interference. Zambia is in possession of some of the world's highest-grade copper deposits.
Zambia seeks power imports for key mining sector. Kansanshi is the largest copper mine by output in Zambia and is 20% owned by ZCCM-IH, with the balance owned by First Quantum Minerals. ( Image ...
Zambia 2023 Mining Report. Overview. Investment in Zambia's mining sector tripled in 2022 thanks largely to the introduction of various tax incentives in the new Government's first budget and the apparent commitment to maintaining a stable mining tax policy.
Learn what the Zambian government's plans are for the mining and energy sectors in the short to medium term. The 12th edition of ZIMEC remains dedicated to providing the audience with the latest information on developments within the sectors, highlighting new opportunities and providing a platform for public and private sector players to network.
Zambia must restore foreign confidence to revitalise its mining sector. The government needs to assure overseas capital that the country is a safe and secure …
If this ambitious promise is to be achieved, the key lies in reinvigorating Zambia's mining industry. The last time the country saw 10 per cent GDP growth was 2010, when the copper price last ...
Zambia is Africa's second-largest copper producer and the world's seventh largest, producing 800 696 tonnes of copper and 247 tonnes of cobalt in 2021. The price of copper has fluctuated over ...
Zambia possesses one of the world's highest-grade deposits of copper and is ranked the seventh largest copper producer in the world. ... The mining sector is governed and regulated by the Mines and Minerals Development Act No. 11 of 2015, which covers types of mining rights, acquisition of mining rights, rights/obligations conferred on the ...
Zambia's mining sector is based on a tax-royalty fiscal regime (concessionary system). The sector has undergone numerous changes over the past years. In 2014, the government increased …
The primary law governing the mining sector in Zambia is the Mines and Minerals Development Act, No. 11 of 2015 of the Laws of Zambia (MMDA) as read together with the Mines and Minerals Development (Amendment) Act, No. 14 of 2016 and the Mines and Minerals Development (Amendment) Act, No. 29 of 2022. The MMDA became …
Sector-specific regulations for the sector will also be developed to promote formalization and sustainable growth. Local Ownership and Participation. The Policy recognizes that the majority of large-scale mining rights are owned by foreign entities with limited participation by Zambian nationals.
In October, Zambia's new government - in place since the August 2021 elections - announced tax breaks to the mining sector as part of the 2022 budget …
Overview. Few topics in Zambia evoke as much emotion and debate as the mining sector. People's expectations of what the sector can and should give back to the country are …
Economically, Zambia's mining sector contributes significantly to development. For instance, it accounts for about 14 percent of the Gross Domestic Product (GDP), over 70 percent of export earnings and about 14 percent of domestic revenue generation. Although this is the case, the citizenry feel that the country has not exploited …
December 18, 2023. It's been a very promising year for mining in Zambia, with the sector attracting US$3.4 billion in investment commitments, doubling the pledges made in …
The Zambian government, through its investment-holding company ZCCM-IH, is a minority shareholder in nearly all of them – and is, in effect, the biggest shareholder in Zambia's mining industry. The "Big Four" are Barrick Lumwana, FQM Kansanshi, Mopani and KCM (Konkola Copper Mines). They account for around 80% of Zambia's …
In the 1990s, the Zambian State's position in the mining sector had become difficult to sustain, and privatisation was openly evoked, especially by the Bretton Woods institutions under the neoliberal doctrine of the time (Washington Consensus) (Fraser, 2010). Following this paradigm, the mining legislation was adapted to attract private ...
The election of Hichilema in 2021 marked the turnaround for Zambia's mining sector. He set out the goal of expanding Zambian copper production from 800,000 tonnes per year to 3 million, over a ...
Zambia Mining Sector Profile, July 2015 Page 3 1.0. OVERVIEW OF THE MINING SECTOR IN ZAMBIA 1.1. Background of the Mining Sector Zambia has a mining history which spans over ninety years including the late 1960's, when Zambia was the world's third largest copper producer, after the US and the former Soviet Union. Mining was and
The primary law governing the mining sector in Zambia is the Mines and Minerals Development Act (11/2015) ('Mines Act'), as read together with its various amendments (Act 14/2016, Act 18/2018 and Act 25/2020). Various regulations have been made pursuant to the Mines Act, such as the following: the Mines and Minerals (Trading …
The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. We provide in-depth coverage of mining projects and the personalities reshaping the mining industry in the country.
Zambia: The Mining Sector Contribution to Employment is very . small in the light of the sector's share of exports. Source: Committee on Economic Affairs and Labour (2011) 25. III.
Needs and challenges in the Zambian (small scale) mining sector 7 In Zambia, the potential for upstream linkages is great. Most goods are not manufactured in Zambia but imported from abroad through Zambian companies. Opportunities to unlock the mineral value chain, to drive and sustain industrial development, and to create jobs, exist. To
Mining / Zambia / Fri 05 Nov, 2021. Key View. In October, Zambia's new government - in place since the August 2021 elections - announced tax breaks to the mining sector as part of the 2022 budget discussions. This suggests a more business-friendly environment for miners in the coming years should the government remain in place.
The mining sector in Zambia continues to play an important national economic role and has in the last two decades experienced tremendous growth and investment, driven mainly by expansion in large-scale mining. Getting ahead, the government is focused on building a diversified and export-oriented mining sector …
Ndola, Copperbelt Province, Zambia. Be an early applicant. 2 months ago. Today's top 40 Mining jobs in Zambia. Leverage your professional network, and get hired. New Mining jobs added daily.
Under Zambian law, essential services are defined as any activity relating to the generation, supply, or distribution of electricity; the supply and distribution of water and sewage removal; fire departments; and the mining sector. Employees in the Zambian Defense Forces, judiciary, police, prison, and the Zambia Security Intelligence Service ...
The World Bank-funded $65.6 million Zambia Mining and Environmental Remediation and Improvement Project (ZMERIP), aims to reduce environmental health …
April 25, 2022. Zambia's new Government has big plans for the mining sector, with President Hichilema hoping to see the country add some 1.2 million tonnes to annual copper production within a matter of years. While current operations have potential to increase production by around 400,000 extra tonnes a year – subject to investments in …
The Zambian copper mining industry traces its roots back to the 1920s, marked by significant private sector investments in exploration, mine development, processing facilities, and infrastructure ...
Relatively less is known about Zambia's Artisanal Small-Scale Mining (ASM) sector. In contrast to the firms dominating the copper extraction sector, the ASM sector is mostly done on a small scale, …
CANCELLATION OF NON-COMPLIANT MINING AND NON-MINING RIGHTS BY THE MINING LICENSING COMMITTEE (MLC) REPUBLIC OF ZAMBIA The Mines and Minerals Development Act, 2015 (Act No. 11 of 2015) The Mines and Minerals Development (General) Regulations, 2016 PUBLIC NOTICE. Read More ».