Mining Taxes

Mozambique: “Megaprojects tax contribution falls 62.4% in 2018” – Tax Authority

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

The contribution to Mozambique state coffers of mega-projects operating in the extractive industry sector amounted to 14,440 million meticais last year, corresponding to 6.8% of the total revenue collected by the State in 2018 (211.9 billion meticais), and a fall of 62.4% compared to the 2017 figure.

Africa Mining: “Zambia will enforce copper import tax” – Mining Minister

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said.

Africa Mining: Zambia’s finance minister says new mining taxes will not hit operations

Posted on October 19, 2018 by Mozambique Resources Post

Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa’s No.2 copper producer, its finance minister said on Wednesday.

Africa Mining: Zambia hikes mining taxes in 2019 budget to rein in debt

Posted on October 2, 2018 by Mozambique Resources Post

(Reuters) – Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said in a budget speech on Friday, as crowds outside protested about alleged government corruption.