THE ZAMBIA CHAMBER OF MINES HAS ASKED THE GOVERNMENT TO FACILITATE PREDICTABILITY OF THE TAX POLICY REGULATIONS TO ENABLE THE INDUSTRY CONTRIBUTE POSITIVELY TO THE GROWTH OF THE ECONOMY.
THERE HAVE BEEN CALLS FROM VARIOUS PLAYERS FOR THE GOVERNMENT TO REVISE THE TAX REGIME IN THE INDUSTRY TO ENABLE THE COUNTRY BENEFIT FROM THE MINES, SINCE COPPER PRICES HAVE SOARED HIGH ABOVE 8,000 US DOLLARS PER TONNE.
CHAMBER OF MINES IN PRESIDENT NATHAN CHISHIMBA NOTES THAT UNCERTAINTY IN THE POLICY FORMULATION IS CREATING ANXIETY AMONG INVESTORS.
HE SAYS ZAMBIANS SHOULD FOCUS ON THE FUTURE AND ITS LONG TERM BENEFIT THAT ARE ACCRUABLE FROM THE INDUSTRY STATING THAT THE MINING INDUSTRY REQUIRES COLLABORATIVE EFFORT AND NETWORKING AMONG SECTOR PLAYERS TO FURTHER SPUR SUSTAINABLE GROWTH FOR THE COUNTRY.
MR. CHISHIMBA SAYS FOR THE INDUSTRY TO SUSTAIN GROWTH AND CONTRIBUTE TO NATIONAL DEVELOPMENT POSITIVELY, SECTOR PLAYERS SHOULD ENSURE TRANSPARENCY AND EFFICIENCY IN THE WAY THEY RUN AFFAIRS IN THE INDUSTRY.
MR. CHISHIMBA, SPEAKING DURING THE 2010 INTERNATIONAL MINING CONFERENCE AND EXHIBITION HOSTED BY KONKOLA COPPER MINES IN CHINGOLA RECENTLY NOTED THAT SINCE THE YEAR 2000, MORE THAN 5 BILLION US DOLLAR INVESTMENT HAS BEEN MADE TO THE INDUSTRY, AND SAID CERTAINTY OF POLICIES IN THE INDUSTRY IS VITAL, NOW THAN EVER BEFORE AS THE PLAYERS ARE FOCUSING ON ONE OBJECTIVE OF STEERING THE INDUSTRY TO HIGHER HEIGHTS.
THE INVESTMENT IN THE MINING SECTOR SINCE 2000 HAS RESULTED IN TRIPLED COPPER PRODUCTION FROM 250,000 TONNES TO MORE THAN 700,000 THIS YEAR AND ATTRIBUTED THE GROWTH TO THE CONTRIBUTIONS FROM VARIOUS MINES.
AND GOVERNMENT HAS ASKED MINING COMPANIES TO HELP SUSTAIN GROWTH IN THE INDUSTRY AND JOB CREATION IN THE AFTERMATH OF THE REBOUND IN THE PRICE OF THE MINERAL, COPPER, ESPECIALLY NOW THAT THE FINANCIAL CRISIS IS OVER.
MINES MINISTER MAXWELL MWALE SAID IT IS GOVERNMENT’S DESIRE TO SUPPORT COMPANIES THAT REMAIN VIBRANT AND STEADFAST EVEN IN AN EVENT THAT ANOTHER SHOCK OCCURRED IN THE INDUSTRY.
HE SAID WITH MORE MINING FIRMS COMING ON BOARD, THE INDUSTRY SHOULD BE ABLE TO MAKE PROGRESS TOWARDS ATTAINING THE 20% CONTRIBUTION TO GDP BY 2015.
ENDS////
THERE HAVE BEEN CALLS FROM VARIOUS PLAYERS FOR THE GOVERNMENT TO REVISE THE TAX REGIME IN THE INDUSTRY TO ENABLE THE COUNTRY BENEFIT FROM THE MINES, SINCE COPPER PRICES HAVE SOARED HIGH ABOVE 8,000 US DOLLARS PER TONNE.
CHAMBER OF MINES IN PRESIDENT NATHAN CHISHIMBA NOTES THAT UNCERTAINTY IN THE POLICY FORMULATION IS CREATING ANXIETY AMONG INVESTORS.
HE SAYS ZAMBIANS SHOULD FOCUS ON THE FUTURE AND ITS LONG TERM BENEFIT THAT ARE ACCRUABLE FROM THE INDUSTRY STATING THAT THE MINING INDUSTRY REQUIRES COLLABORATIVE EFFORT AND NETWORKING AMONG SECTOR PLAYERS TO FURTHER SPUR SUSTAINABLE GROWTH FOR THE COUNTRY.
MR. CHISHIMBA SAYS FOR THE INDUSTRY TO SUSTAIN GROWTH AND CONTRIBUTE TO NATIONAL DEVELOPMENT POSITIVELY, SECTOR PLAYERS SHOULD ENSURE TRANSPARENCY AND EFFICIENCY IN THE WAY THEY RUN AFFAIRS IN THE INDUSTRY.
MR. CHISHIMBA, SPEAKING DURING THE 2010 INTERNATIONAL MINING CONFERENCE AND EXHIBITION HOSTED BY KONKOLA COPPER MINES IN CHINGOLA RECENTLY NOTED THAT SINCE THE YEAR 2000, MORE THAN 5 BILLION US DOLLAR INVESTMENT HAS BEEN MADE TO THE INDUSTRY, AND SAID CERTAINTY OF POLICIES IN THE INDUSTRY IS VITAL, NOW THAN EVER BEFORE AS THE PLAYERS ARE FOCUSING ON ONE OBJECTIVE OF STEERING THE INDUSTRY TO HIGHER HEIGHTS.
THE INVESTMENT IN THE MINING SECTOR SINCE 2000 HAS RESULTED IN TRIPLED COPPER PRODUCTION FROM 250,000 TONNES TO MORE THAN 700,000 THIS YEAR AND ATTRIBUTED THE GROWTH TO THE CONTRIBUTIONS FROM VARIOUS MINES.
AND GOVERNMENT HAS ASKED MINING COMPANIES TO HELP SUSTAIN GROWTH IN THE INDUSTRY AND JOB CREATION IN THE AFTERMATH OF THE REBOUND IN THE PRICE OF THE MINERAL, COPPER, ESPECIALLY NOW THAT THE FINANCIAL CRISIS IS OVER.
MINES MINISTER MAXWELL MWALE SAID IT IS GOVERNMENT’S DESIRE TO SUPPORT COMPANIES THAT REMAIN VIBRANT AND STEADFAST EVEN IN AN EVENT THAT ANOTHER SHOCK OCCURRED IN THE INDUSTRY.
HE SAID WITH MORE MINING FIRMS COMING ON BOARD, THE INDUSTRY SHOULD BE ABLE TO MAKE PROGRESS TOWARDS ATTAINING THE 20% CONTRIBUTION TO GDP BY 2015.
ENDS////
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