Zambia Country says to establish predictable mining tax regime

"We are engaging with the mines in terms of coming up with a consistent, predictable tax regime to ensure the mines remain viable," Christopher Mvunga told a mining conference in Cape Town.

  • Published:
A mine worker is pictured at the Freda Rebecca gold mine in Bindura town February 7, 2015. REUTERS/Philimon Bulawayo play A mine worker is pictured at the Freda Rebecca gold mine in Bindura town February 7, 2015. REUTERS/Philimon Bulawayo (Reuters)
24/7 Live - Subscribe to the Pulse Newsletter!

Zambia plans to provide stable policies and a predictable tax regime to keep mine production in Africa's second-largest copper producer viable, its deputy finance minister said on Wednesday.

"We are engaging with the mines in terms of coming up with a consistent, predictable tax regime to ensure the mines remain viable," Christopher Mvunga told a mining conference in Cape Town.

Zambia has resumed issuing new mining licences, and granting renewal and transfer of rights which it had suspended in August last year, its mines minister has said.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.