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Main » 2008 » February » 13
 MAJOR mining
companies in Zambia and the Chamber of Mines of Zambia have rejected
the new tax regimes for the mining industry, arguing that the
development agreements (DAs) were still binding.
The
mining firms have since threatened legal action against the Government,
noting that they were not consulted before the new measurers were
introduced. Meanwhile, Mineworkers Union
of Zambia (MUZ) and the Economics Association of Zambia (EAZ) have
criticised mining firms for threatening court action against Government
over the revised mineral tax regime, saying the intention was
misdirected, selfish and against the interests of the majority Zambians. MUZ
president, Rayford Mbulu, said in an interview in Kitwe yesterday that
there was no need whatsoever for mining houses to start issuing threats
instead of discussing with Government. Mr
Mbulu said governments in Ghana, Uganda, Tanzania, the Democratic
Republic of Congo, Nigeria and Guinea were currently re-negotiating
mineral tax regimes. ... Read more » |
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