Page 2 - Godwin Beene News Today

Investors are buying President Hakainde Hichelema’s narrative of ‘New Dawn’ change, but remain sceptical about South Africa’s vague promises to break bureaucratic logjams in its mining sector.

Renewed confidence in Zambia’s investment climate has prompted the nation’s largest copper miner to unveil a US$1. 35 billion package of new projects. First Quantum Minerals (FQM) this week approved plans to invest US$1. 25 billion in its long-awaited expansion of Kansanshi’s operations in Solwe ...

Zambia has introduced a friendlier minerals tax regime as it hopes to ramp up copper production to take advantage of the commodity boom

Zambian President Hakainde Hichilema said on Friday his new government would implement policies to reduce the fiscal deficit, restore economic growth and review mining policies.

* Pledges mining tax change sought by sector (Adds Chamber of Mines comment)

Foreign mining firms operating in Zambia on Saturday welcomed the government's pronouncement to revise taxes in the sector, saying this was the first step towards transformation of the industry. During the unveiling of the 2022 national budget on Friday, Finance and National Planning Minister Situmbeko Musokotwane said the government will…

Lusaka - Zambia: Zambia Chamber of Mines president, Godwin Beene, says the 2022 national budget measures announced last Friday, should be seen as a step in

* Pledges mining tax change sought by sector (Adds Chamber of Mines comment)

Output has stagnated over the past decade because of the industry’s hostile relationship with outgoing president’s government

Companies including First Quantum Minerals and EMR Capital are ready to raise funding for the projects.