Mining Policy - Copperbelt Katanga Mining

We have reviewed the Zambian mining sector regime – HH

October 18, 2022October 18, 2022 Copperbelt Katanga News

We have reviewed the mining sector regime in order to encourage more investment and increase the participation of Zambians in the mineral value chain. We are in the process of re-opening the Mining Cadastre Department and floating bids for the blocked mining rights to companies which are wholly or partly owned by Zambians. Furthermore, we will restrict to only five, the number of mining rights any entity or company can own. This will ensure that international companies wishing to acquire mining rights, partner with Zambians or companies owned by Zambians.… Read More Here

Zambian Government will not forgo mining-generated revenues again

October 17, 2022October 17, 2022 arnbethnic

Government set out its plan to revive Zambia’s economy during last week’s Public Symposium on the 2023 National Budget, held on Monday 3 October 2022. Mining For Zambia shares the key takeaways. Having secured an IMF-supported program in September 2022 to assist with managing the country’s debt, growth is now at the top of Government’s agenda. Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane, said: “A Budget can be – and is – an instrument for economic growth. Growth is what is going to take us out of this poverty and generate money… Read More Here

Mining in Zambia Governance Mining Policy

Zambia restricts number of mining licences per company to five

October 17, 2022October 18, 2022 admin

Zambia, Africa’s second-largest copper producer, said on Monday the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country’s licensing system. The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public complaints about a lack of transparency. “Every miner will be restricted to five licences and those that need more will have to justify it,” Zambia’s mines minister Paul Kabuswe said during a briefing on mining… Read More Here

Mining Policy Mining in DRC

The five recommendations of the Civil Society of Ituri and Haut-Uélé against illegal mining in the DRC

September 11, 2022September 11, 2022 arnbethnic

The Coalition of Civil Society Organizations of Haut-Uélé and Ituri for the Governance of Natural Resources recently published its latest report on mining in these two provinces. According to the report, more than 3/4 of gold mining sites are controlled by armed groups and millions of US dollars escape the Treasury. According to the report, allowing these armed groups to operate and mine gold would constitute a sign of sabotage of state authority. To this end, the EITI-DRC Executive Committee calls on the authorities to take more responsibility to put… Read More Here

Mining in DRC Governance Mining Policy

Mining in the DRC at the center of a training workshop for heads of provincial divisions of mines and geology

September 4, 2022September 4, 2022 arnbethnic

The heads of the country’s provincial mining and geology divisions are in Kinshasa for a workshop from August 31 to September 2 on capacity building. This meeting, which focuses on mining in the country, has as its theme “Achieving the same level of perception and use of work tools in the mining sector”, both industrial and artisanal, in the light of the new Mining Code and its enforcement measures. “The Provincial Divisions representing the basic structure for the actions of the Ministry in the hinterland, it pleased the authority of the… Read More Here

Mining in Zambia Copper Mining Policy

Zambian Govt awards mines more tax exemptions

September 4, 2022September 4, 2022 arnbethnic

Finance Minister Situmbeko Musokotwane has yet again given mining companies more tax exemptions by suspending import taxes on mining equipment and machinery. This is additional to the making of mineral royalty tax deductible which resulted in the country losing about $200 million in lost revenue. Mineral Royalty Tax (MRT) was introduced to bring certain loss making mining companies on the tax base as most mining corporations were declaring losses and the tax authorities have no capacity to find loopholes in their tax declarations, which made it difficult to tax the… Read More Here

Mining in DRC Mining Policy

A summit on the industrialization of southern Africa held in the DRC

August 21, 2022August 21, 2022 arnbethnic

A dozen Heads of State of the Economic Community of Southern African States (SADC) held a summit on Wednesday in Kinshasa on the industrialization of the sixteen member countries of the sub-region, called upon to develop their own “value chains”, noted an AFP team. The theme chosen was: “Promoting industrialization through agro-processing, mineral beneficiation and the development of regional value chains with a view to achieving inclusive economic growth”. “There is no one outside of Africa who will come and build Africa the way we want it to be built,”… Read More Here

Mining in DRC Governance Mining Policy

DRC: US encourages government to review certain mining contracts

August 13, 2022August 13, 2022 arnbethnic

The United States has its sights set on Congolese mines. World power, the country of Joe Biden is aware of the place occupied by the DRC in world geopolitics. In 2019 alone, the DRC provided 71% of the world’s cobalt production (100,000 tons out of 140,000). This ore is essential for the manufacture of batteries for smartphones or electric cars. The Congolese extractive sector contributes over 70% of export earnings and is the main driver of the country’s economic growth. The country is dependent on China, which buys around 58% of its exports, if we… Read More Here