Zambia Chamber Of Mines | 367 followers on LinkedIn. Cathedral Hill, Mpile Office park In 2012 Zambia was declared EITI compliant. By BUUMBA CHIMBULUTHE mining industry has been put in a more desperate situation as tax relief measures announced over three… The Zambia Chamber of Mines (ZCM) is registered as an association for mining and allied companies both large and small. Omars Lunga-May 6, 2020 0 [email protected] Most Read. 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). 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. All the mines are backed by a wide range of respected international investors. Such a change in the tax regime would help spur growth in the mining sector and help bondholders mitigate their income loss during the proposed moratorium on coupon payments, the chamber said. Read More… Latest Speeches and Press Releases These include investments in infrastructure, health, education, business development and support for alternative livelihood as well as endeavours to support local government to cope with the invlux of people into mining areas. However, with the nationalisation of the mining industry the necessity for the Chamber of Mines … Goodwell Mateyo Chamber of Mines President . The Zambia Chamber of Mines is registered as an association for mining and allied companies. No. 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. These are based on the type of mining licence that a particular mine possess, large, small, exploration, service provision etc. Subscribe to receive updates directly in your mailbox! 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’s copper sector, which dominates the country’s export economy, saw production drop in … 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. var prefix = 'ma' + 'il' + 'to'; var addye97ead0615936bbbb2e6a461d62876b9 = 'chilembos' + '@'; The Ministry of Mines and Minerals Development is responsible for the development and management of mineral resources in a sustainable manner for the benefit of the people of Zambia. The mining industry remains the main driver of economic activity in the country and is forecasted to sustain the economy further into the future. Petrol Attendants beat up a white man for calling them monkeys... November 24, 2020. MINING COMPANIES ACCOUNTED FOR MORE THAN A QUARTER OF GOVERNMENT’S INCOME – ZAMBIA EITI REPORT. The Zambia Chamber of Mines is registered as an association for mining and allied companies. The Botswana Chamber of Mines is an organisation established to serve the interests of the mining and exploration companies together with associated industries. 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 Nkana Smelter is the largest primary copper production plant in Zambia. THE Zambia Chamber of Mines has commended Government for the changes to the 2015 mining tax regime announced by Cabinet on Monday. document.getElementById('cloake97ead0615936bbbb2e6a461d62876b9').innerHTML = ''; ZAMBIA’S copper production is likely to remain below one million metric tonnes for at least another three years given the persistent challenges mining companies still face, says the Zambia Chamber of Mines. 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. MEDIA STATEMENT 28TH September, 2020 Issued by Chamber of Mines For immediate release No… News. 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 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. SW CHILEMBO. Zambia Chamber of Mines, Lusaka, Zambia. The Botswana Chamber of Mines is an organisation established to serve the interests of the mining and exploration companies together with associated industries. 13K likes. The Zambia Chamber of Mines has urged the government to address the issues faced by mining companies amid the Covid-19 pandemic by engaging with the sector. 13K likes. Fax: +260 211 258383/4 LUSAKA (Reuters) – 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. The First National Source of Mining, Energy, Oil and Gas News Zambia Chamber of Mines, Lusaka, Zambia. In 2012 Zambia was declared EITI compliant. Implement relief measures, mines plead. 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. Further, the Gala is an opportune event for key players in the industry to showcase their achievements, create business linkages and share experiences. 13K likes. 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). ZAMBIA’S copper production is likely to remain below one million metric tonnes for at least another three years given the persistent challenges mining companies still face, says the Zambia Chamber of Mines. Zambia Chamber of Mines. Zambia Chamber of Mines, Lusaka, Zambia. Membership to the Chamber is voluntary and is classified into four categories i.e. 3 Schutzen Street Windhoek Central Namibia ; Mon - Fri: 8:00 - 17:00; +264 61 237925; info@chamberofmines.org.na; Contact us 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. SW CHILEMBO. 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 Chamber of Mines has introduced the annual Mining Awards Gala, conceived to provide a forum for reorganising and promoting service and excellence in the ining industry in Zambia. In order to show transparency and accountability in the extraction of Zambia's natural resources, the Chamber of mines joined the Zambia Extractive Industries Transparency Initiative, ZEITI in 2008. Copper exports make out over 70% of total exports from Zambia and mining remains the singlemost important industry to Zambia today. Last week, Mines Minister Richard Musukwa announced that copper production had increased to 646,111.25 metric tonnes by September 30, this year, up from 590,321.13 tonnes in the … bdo@zacci.co.zm secretariat@zacci.co.zm www.zambiachamber.org View Sokwani W. Chilembo… document.getElementById('cloak2806a48c3de717d60bf6a4c6e83067d9').innerHTML = ''; The Zambia Chamber of Mines has appointed Goodwell Mateyo as its new president. 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… The members include mining companies, suppliers of machinery, spare parts, and chemicals, service providers including banks, insurance companies, consulting engineers, and various mining related professional bodies and individuals. / This email address is being protected from spambots. var addy_texte97ead0615936bbbb2e6a461d62876b9 = 'chilembos' + '@' + 'mines' + '.' + 'org' + '.' + 'zm';document.getElementById('cloake97ead0615936bbbb2e6a461d62876b9').innerHTML += ''+addy_texte97ead0615936bbbb2e6a461d62876b9+'<\/a>'; THE Zambia Chamber of Mines has commended Government for the changes to the 2015 mining tax regime announced by Cabinet on Monday. You need JavaScript enabled to view it. The Chamber of Mines in Zambia was originally formed in September 1942 as the Northern Rhodesia Chamber of Mines. The Zambia Chamber of Mines has appointed Goodwell Mateyo as its new president. var addy2806a48c3de717d60bf6a4c6e83067d9 = 'info' + '@'; F our big mines dominate Zambia’s copper production, complemented by several smaller players who also play an important role. In 2013, Zambia was the sixth largest producer of copper with 800,000 tons increasing from 572,793 tons production in 2008. 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. Zambia Chamber of Commerce and Industry P.O Box 30844, Lusaka, Zambia Phone: +260-211-252483 Telefax: +260-211-253020 Mobile:+260971581467. 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. Lusaka Zambia CEO Yendelela Trading Ltd Sep 2015 - Jul 2016 11 months. bdo@zacci.co.zm secretariat@zacci.co.zm www.zambiachamber.org 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). addye97ead0615936bbbb2e6a461d62876b9 = addye97ead0615936bbbb2e6a461d62876b9 + 'mines' + '.' + 'org' + '.' + 'zm'; 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. T he Zambia Chamber of Mines has released a report about the global mining industry’s most serious skills shortage in decades, and its impact on mining countries around the world – including Zambia.. 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. var prefix = 'ma' + 'il' + 'to'; Global bank to help drive mining sector growth in Zambia, Conditions of service in most mining companies poor – Govt, Zambia copper miners bank on electric vehicles, STAKEHOLDERS DEMAND REMOVAL OF MINES’ DOUBLE TAXATION. You need JavaScript enabled to view it. var addy_text2806a48c3de717d60bf6a4c6e83067d9 = 'info' + '@' + 'mines' + '.' + 'org' + '.' + 'zm';document.getElementById('cloak2806a48c3de717d60bf6a4c6e83067d9').innerHTML += ''+addy_text2806a48c3de717d60bf6a4c6e83067d9+'<\/a>'; This email address is being protected from spambots. This was contained in a press release issued by the COM on 04 October. Upon being declared EITI compliant, it implies that Zambia has put in place effective processes for enhancing transparency and accountability in the mining sector. LUSAKA (Reuters) – 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. Konkola Copper Mines (KCM) is the largest copper mining company in the country. Best Performer in Environmental Management, Best Performer Occupation Health and Safety, Winner-intercompany First Aid Competition. Zambia Chamber of Mines President Nathan Chishimba during an interview on Radio Phoenix recently. Fellow of the Institute of Materials, Minerals and Mining P.O. 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. The Zambia Chamber of Mines has asked the government to extend relief to the extractive sector as a means of incentivising and stimulating production. so far, ZEITI has published eight reports showing what mining companies pay to government as taxes, and what government receive as revenue. Zambia Chamber of Commerce and Industry P.O Box 30844, Lusaka, Zambia Phone: +260-211-252483 Telefax: +260-211-253020 Mobile:+260971581467. 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. so far, ZEITI has published eight reports showing what mining companies pay to government as taxes, and wh… 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. He succeeds Nathan Chishimba, who is retiring after two consecutive terms. Budget 2021: Low hanging fruit for a mining-led economic recovery ... Zambia Mines Rescue Bus Handover; January 9, 2019 MINING COMPANIES ACCOUNTED FOR MORE THAN A QUARTER OF GOVERNMENT’S INCOME – ZAMBIA EITI REPORT. The Chamber of Mines of Zimbabwe (COMZ) is a private sector voluntary organization established in 1939 by an Act of Parliament. Email: info(a)mines.org.zm Telephone: +260 211 258383/4 University of Birmingham. Access to factual information on Chamber members and Namibia’s mining sector is a key function of the Chamber of Mines Accountability & Compliance The Constitution, Code of Conduct and Ethics have mechanisms in place to ensure that mining activities are conducted in an ethical, environmentally and socially responsible manner. Following privatisation of the ine assets in 2000, the Zambia Chamber of mines was re-established. Upon being declared EITI compliant, it implies that Zambia has put in place effective processes for enhancing transparency and accountability in the mining sector. Zambia possesses the world’s highest-grade deposits of copper and is ranked 7th largest copper producer in the world for producing copper.. 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. It operated until 1965 when the Copper Industry Service Bureau (CISB) replaced it. Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. Zambia Chamber of Mines Mar 2018 - Present 2 years 11 months. The Chamber of Mines in Zambia was originally formed in September 1942 as the Northern Rhodesia Chamber of Mines. All the mines are backed by a wide range of respected international investors. Grain Wyson Phillip Malunga. 13K likes. 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. The Chamber's operations are coordinated by a secretariat based in Zambia's capital city, Lusaka. Seasoned industry veteran Nicolas Bowen will serve as VP. CEO at Zambia Chamber of Mines Zambia Investment Management. Class A, Class B, Class C and Associate. Zambia Chamber of Mines Goodwell Mateyo Chamber of Mines President . Proposed tax changes will make it difficult to invest in Zambia. The First National Source of Mining, Energy, Oil and Gas News The Zambia Chamber of Mines has asked the government to extend relief to the extractive sector as a means of incentivising and stimulating production. The Zambia Chamber of Mines is registered as an association for mining and allied companies. 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. The Zambia Chamber of Mines has urged the government to address the issues faced by mining companies amid the Covid-19 pandemic by engaging with the sector. Proposed tax changes will make it difficult to invest in Zambia. View Sokwani W. … The People's Newspaper. Such a change in the tax regime would help spur growth in the mining sector and help bondholders mitigate their income loss during the proposed moratorium on coupon payments, the chamber said. The Chamber of Mines noted that a good proportion of the Eurobond holders also hold shares in mining and prospecting in Zambia. F our big mines dominate Zambia’s copper production, complemented by several smaller players who also play an important role. Lusaka , Zambia Turnaround Practitioner SW CHILEMBO Aug 2016 - Mar 2018 1 year 8 months. 13K likes. Zambia Chamber of Mines Mpile Office park Cathedral Hill, 74 Independence avenue P.O.Box 51393 RW, Lusaka, Zambia, CEO Mr. Sokwani ChilemboEmail: This email address is being protected from spambots. addy2806a48c3de717d60bf6a4c6e83067d9 = addy2806a48c3de717d60bf6a4c6e83067d9 + 'mines' + '.' + 'org' + '.' + 'zm'; 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.. 500+ connections. T he Zambia Chamber of Mines has released a report about the global mining industry’s most serious skills shortage in decades, and its impact on mining countries around the world – including Zambia.. Its policy making body is the Council drawn from member companies. 500+ connections. CEO at Zambia Chamber of Mines Zambia Investment Management. Zambia Chamber of Mines has welcomed economic relief measure. Mining companies have also seen costs increase as they implement COVID-19 prevention measures to ensure the safety of workers and surrounding communities, the Chamber of Mines said. 74 Independence avenue Telephone: +260 211 258383/4 University of Birmingham. var path = 'hr' + 'ef' + '='; THE Zambia Chamber of Mines says the country’s mining companies have suffered an alarming drop in revenue over the three months from February-April 2020, illustrating the financial impact of COVID-19. This was contained in a press release issued by the COM on 04 October. The Zambia Chamber of Mines has appealed to the Government to diffuse tensions and expedite negotiated resolution of the ZESCO-Copperbelt Energy Corporation impasse . It operated until 1965 when the Copper Industry Service Bureau (CISB) replaced it. Mr. 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". var path = 'hr' + 'ef' + '='; September 21, 2020. 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. 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. In order to show transparency and accountability in the extraction of Zambia's natural resources, the Chamber of mines joined the Zambia Extractive Industries Transparency Initiative, ZEITI in 2008. You need JavaScript enabled to view it. However, with the nationalisation of the mining industry the necessity for the Chamber of Mines … Web: www.mines.org.zm, Non-ferrous cash prices temporarily discovered basis LMEselect trading (due to Covid 19): 12.30-13.15, *Gold and silver spot prices, per troy ounce, established basis LMEselect trading: 18.29-18.30, **Ferrous 3-month prices established basis LMEselect trading: 16.25-16.30. Zambia Chamber of Mines. Physical address: Zambia Chamber of Mines Mpile Office park Cathedral Hill, 74 Independence avenue P.O.Box 51393 RW, Lusaka, Zambia. The Zambia Chamber of Mines is registered as an association for mining and allied companies. Box 20679 Lilongwe 2 Malawi Tel: +265111921932 / +265111929819 P.O.Box 51393 RW, Lusaka, Zambia, Email: info(a)mines.org.zm Chamber of Mines Zambia President Goodwell Mateyo. Zambia Chamber of Mines, Lusaka, Zambia. Telephone: +260 211 258383/4Fax: +260 211 258383/4Website: www.mines.org.zm, Powered by the The Minerals Council South Africa. The Chamber of Mines noted that a good proportion of the Eurobond holders also hold shares in mining and prospecting in Zambia. Mining companies including Mopani Copper ines (MCM), Konkola Copper mines (KCM), Barrick Lumwana Mines and First Quantum Minerals (FQM) spend substantial amounts on social investments. Copper exports make out over 70% of total exports from Zambia and mining remains the singlemost important industry to Zambia today. THE Zambia Chamber of Mines says the country’s mining companies have suffered an alarming drop in revenue over the three months from February … Chamber of mines in Africa’s second largest copper producer has opposed the states proposed mining tax regime. Zambia Chamber of Mines, Lusaka, Zambia. 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 Mining. 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