The Chamber of Mines noted that a good proportion of the Eurobond holders also hold shares in mining and prospecting in Zambia. CEO at Zambia Chamber of Mines Zambia Investment Management. The Zambia Chamber of Mines is registered as an association for mining and allied companies. 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. 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. The Zambia Chamber of Mines has appealed to the Government to diffuse tensions and expedite negotiated resolution of the ZESCO-Copperbelt Energy Corporation impasse . View Sokwani W. … Goodwell Mateyo Chamber of Mines President . bdo@zacci.co.zm secretariat@zacci.co.zm www.zambiachamber.org so far, ZEITI has published eight reports showing what mining companies pay to government as taxes, and what government receive as revenue. Further, the Gala is an opportune event for key players in the industry to showcase their achievements, create business linkages and share experiences. var path = 'hr' + 'ef' + '='; The Zambia Chamber of Mines has appointed Goodwell Mateyo as its new president. Email: info(a)mines.org.zm Telephone: +260 211 258383/4 In proposals submitted to the finance minister, the chamber said raising the tax burden on mining firms would damage the industry and give away business to the country’s neighbours. The Zambia Chamber of Mines (ZCM) was originally formed in September 1942 and was known as the Northern Rhodesia Chamber of Mines of Zambia until it was replaced by the Copper Insutry Services Buereau (CISB) in 1965. F our big mines dominate Zambia’s copper production, complemented by several smaller players who also play an important role. Upon being declared EITI compliant, it implies that Zambia has put in place effective processes for enhancing transparency and accountability in the mining sector. 13K likes. Telephone: +260 211 258383/4Fax: +260 211 258383/4Website: www.mines.org.zm, Powered by the The Minerals Council South Africa. In 2012 Zambia was declared EITI compliant. Lusaka — 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. Mpile Office park You need JavaScript enabled to view it. Seasoned industry veteran Nicolas Bowen will serve as VP. However, with the nationalisation of the mining industry the necessity for the Chamber of Mines … The Chamber of Mines noted that a good proportion of the Eurobond holders also hold shares in mining and prospecting in Zambia. The social investments do not form part of the commercial activities undertaken by mining companies but are instead aimed at making positive contribution to the communities surrounding the mine. Chasm between copper, cobalt and nickel exploration success and future demand, No ‘green light’ 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, BLSA’s Mavuso laments lack of investment in South Africa, BARRICK LUMWANA OFFERS COVID-19 EQUIPMENT SUPPORT, Mining Industry Association of Southern Africa (MIASA). Subscribe to receive updates directly in your mailbox! With barely a week and half to go before Zambia’s 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). Copper exports make out over 70% of total exports from Zambia and mining remains the singlemost important industry to Zambia today. All the mines are backed by a wide range of respected international investors. Zambia Chamber of Mines. Although based in Chingola, 15% of its operations—namely Nkana Refinery, Nkana Acid Plants and Nkana Smelter (the largest smelter in the nation) -- are located in Kitwe. Zambia Chamber of Mines, Lusaka, Zambia. Zambia Chamber of Mines Konkola Copper Mines (KCM) is the largest copper mining company in the country. 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. MINING COMPANIES ACCOUNTED FOR MORE THAN A QUARTER OF GOVERNMENT’S INCOME – ZAMBIA EITI REPORT. The Chamber of Mines said it met officials at the ministry of finance last week to ... Zambia's chamber of mines sees 21,000 job cuts due to higher taxes… 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 ought to cap mining royalties at 7.5% in 2020 in order to protect the country’s mining sector, said Reuters citing the Chamber of Mines.. 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. Lusaka — 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. Petrol Attendants beat up a white man for calling them monkeys... November 24, 2020. University of Birmingham. The Zambia Chamber of Mines has welcomed the implementation of economic relief measures by the Zambian government originally announced over a month ago, and the securing of approximately 150 million dollars in funding from international partners. 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. Zambia possesses the world’s highest-grade deposits of copper and is ranked 7th largest copper producer in the world for producing copper.. var addy_text2806a48c3de717d60bf6a4c6e83067d9 = 'info' + '@' + 'mines' + '.' + 'org' + '.' + 'zm';document.getElementById('cloak2806a48c3de717d60bf6a4c6e83067d9').innerHTML += ''+addy_text2806a48c3de717d60bf6a4c6e83067d9+'<\/a>'; var addy_texte97ead0615936bbbb2e6a461d62876b9 = 'chilembos' + '@' + 'mines' + '.' + 'org' + '.' + 'zm';document.getElementById('cloake97ead0615936bbbb2e6a461d62876b9').innerHTML += ''+addy_texte97ead0615936bbbb2e6a461d62876b9+'<\/a>'; 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. Class A, Class B, Class C and Associate. This email address is being protected from spambots. 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. 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 mission of the Chamber is "advancing the interests of its members, local communities, the country and its stakeholders whilst promoting sustainable and responsible mining". Zambia Chamber Of Mines | 367 followers on LinkedIn. These are based on the type of mining licence that a particular mine possess, large, small, exploration, service provision etc. var addye97ead0615936bbbb2e6a461d62876b9 = 'chilembos' + '@'; The Zambia Chamber of Mines is registered as an association for mining and allied companies. Chamber of mines in Africa’s second largest copper producer has opposed the states proposed mining tax regime. 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