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Category: Mining tax

First Quantum Corporate social responsibility Mining tax Taxes 

First Quantum backs calls for mining communities to benefit from industry taxes

arnbethnic
First Quantum Minerals (FQM) supports a call from civil society for local communities in mining areas to benefit more directly from the tax revenue paid by the industry. A multi-stakeholder symposium held this week in Solwezi, in Zambia, called for a “fairer fiscal regime for the mining sector”, which facilitates a win-win situation for the government, the private sector and mining host communities. The gathering – the third of its kind – was aimed at sharing information about FQM subsidiary Kansanshi Mining’s work on social investment, sustainable community development, mining… Read More Here
First Quantum Minerals Copper Economy Mining in Zambia Mining tax 

First Quantum Minerals tops Zambian taxpayer list

arnbethnic
Copper, gold and zinc miner First Quantum Minerals (FQM) paid over K7-billion in taxes and royalties to the Zambian government in 2018, representing almost 40% of total payments made by the mining industry, making it the nation’s largest taxpayer. The 2018 Zambia Extractive Industry Transparency Initiative report, published in June, reveals that the majority of FQM’s taxes – amounting to K4.47-billion – were paid by its subsidiary, Kansanshi Mining. This payment alone accounted for about a quarter of the country’s extractive payment receipts for that period of K17.98-billion, based on… Read More Here
How can Zambia Prevent an Economic Disaster Post-COVID-19? 1 Mining in Zambia Global markets Mining tax 

How can Zambia Prevent an Economic Disaster Post-COVID-19?

arnbethnic
The COVID-19 pandemic – whilst first and foremost a public health emergency – is creating a global economic crisis in its wake, which could cause longer lasting disruption than the virus itself. For the mining industry, the disappearance of global industrial activity has created a sudden and severe over-supply of copper, causing prices to plummet. The turmoil threatens to kill mining industries around the world, including Zambia’s.  Renowned economist Professor Oliver Saasa shares his views on possible responses that Government could implement to mitigate the damage. Countries around the world are swiftly… Read More Here
Albert Yuma rails against “tax harassment” and “foreign interference” 2 Mining in DRC Mining tax 

Albert Yuma rails against “tax harassment” and “foreign interference”

Copperbelt Katanga News
A poisonous business environment, gloomy and opaque, fiscal harassment… These were some of the words used by Albert Yuma, the president of the Congo Business Federation (FEC), in his acerbic attack on government policy. He also railed against “foreign interference” in mining issues. “No government should ever promise what it is not sure to deliver. It is a question of credibility and accountability of public action to the governed,” he said. Yuma is currently at the Centre of a judicial investigation opened by the Kinshasa public prosecutor’s office into Gécamines’… Read More Here

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