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MJ Zambia Supplement 11/08: 28 Nov 2008

Zambia Supplement
Zambia has a mining history that spans over 90 years, including the late 1960s when Zambia was the world’s third-largest copper producer. Mining was, and remains, a major contributor to the Zambian economy.

Masses of minerals

ZAMBIA’S broad spectrum of mineral resources spans a wide range of metals, particularly copper-cobalt and gold.
Nchanga

Mines and Minerals Development Act

In line with the Mining Policy, the government of Zambia enacted new legislation in 2008 – the Mines and Minerals Development Act.
Mufulira

Taxes, royalties and duties

Relief from income tax, Relief from customs, excise duties, VAT Remission and deferment of royalties and Environmental legislation

The tax regime

Zambia’s tax regime favours mining. Corporate tax for mining companies is set at 30% of profits, while manufacturing firms are taxed at a rate of 35% of profits.
Nchanga

Investment law in Zambia

Investments in Zambia are regulated by the Zambia Development Act No. 11 of 2006 (the ZDA).
Konkola

Administering mining rights

In its endeavour to enhance the grant of mining rights, the government is in the process of introducing a new computerised cadastral system through the SEED and the MSDP programmes.
CGA Mining

Mineral development projects

Detailed information on Luiri Hill Project, Munali Nickel Project Lumwana Copper Project, Mkushi Copper Project andMutanga Project
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  • Editor's Comment

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    Indian Summer

  • Comment

    Indian Summer

  • Production and Markets

    Coking coal prices: Structural change
    Cluff resource update
    Patriot resumes mining, again
    Long-only investments

  • Exploration & Development

    Eagle study forecasts 170,000oz/y
    Kings scopes Mexican gold
    FerrAus adds to its iron
    Pele finds gold at East Highland

  • Finance

    London set for mining IPOs
    Cape Lambert to sell Lady Annie
    Glencore takes back Prodeco
    Red Rock rerating

  • Fifth Column

    Career choices

  • Reports

    Fund Fundamentals: Winning allocations
    Marine mining: Into the deep
    PDAC president attack's 'damaging' C-300 bill

  • People and Appointments

    Project manager joins African Eagle
    Kalahari boost
    On board La Quinta
    Leslie switches

  • Journal Team Diary

    Rio Tinto's Star Wars