Category: Mining in Zambia

THE Zambia Revenue Authority says it is devising a plan to dismantle what it owes in Value Added Tax (VAT) refunds. ZRA Commissioner General Kingsley Chanda also announced that the authority is targeting to collect not less than K59 billion this year as directed by the government. Addressing the press in Lusaka yesterday, Chanda said going forward, the government through ZRA would allocate more resources to dismantle outstanding VAT refunds and minimise accumulation of refunds. “ZRA will ensure that current refunds in 2020 are honoured while a plan will be… Read More Here

UK-based copper-gold exploration and development company Bezant Resources has secured an extension to the initial expenditure phase for its conditional option to buy a 50% stake in a copper mining licence area, which contains the Buffalo exploration project in Zambia. The project is a 398ha copper-gold deposit in the Central Zambian iron oxide copper-gold (IOCG) belt. It is approximately 300km north-west of Lusaka. In April 2019, Bezant signed a memorandum of agreement with KPZ International for the option over an interest in the small-scale copper mining licence. Under this agreement,… Read More Here

TORONTO/LONDON (Reuters) – Canadian miner First Quantum Minerals Ltd is weighing an investment of around $1 billion to lift output at Africa’s biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state miner ZCCM-IH over project funding. The investment would add a decade of life and head off production declines at the Kansanshi copper mine, increasing annual production to 300,000 tonnes over time from an expected 235,000 tonnes last year, according to a company presentation given to Zambian government officials. But securing board… Read More Here