Zambia Chamber of Mines Newsletter – August Edition
Zambia’s Mining Industry ready to invest US$2.5 Billion Funds Meant for Mine Expansion The Mining Industry is ready to invest 2.5Billion United states Dollars in mine expansion and a further 439Million United States Dollars in capital expenditure if adjustments are made to the current mining regime. Government recently held a mining indaba to address issues bordering on mining taxation. Zambia Chamber of Mines President Dr. Godwin Beene, says the unfavorable mineral royalty tax has continued in holding up in excess of 2.5Billion United States Dollars of fresh capital from international financial institutions for expansion out of reach...