Posts tagged as: Copper
Zambia’s development trajectory has been shaped by mining. For close to a hundred years, the extraction of copper has dominated the economy. Without exception, the firms that have controlled the sector have been large-scale, mostly foreign – albeit with periods of national ownership – had access to huge capital outlays, and have focused on copper mining. Relatively...
Instability, massive increases and novel taxes not seen anywhere in the world’. That is the way the outgoing Zambia Chamber of Mines President, Nathan Chishimba, described the new tax measures targeted at the mining sector in the 2019 budget. The Zambian government has charged that these new measures will ensure that the sector is paying its fair share of taxes, but the...