taxes

Africa Mining: Barrick mulls selling Zambia copper mine over higher taxes

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

Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the “challenging conditions” it’s facing.

Mozambique Energy: Govt readies Electricity Law revision

Posted on November 2, 2018 by Mozambique Resources Post

The ongoing review of the proposed Electricity Law to accelerate universal access to energy by 2030 in Mozambique will be completed in November, a Mozambican official said.

Africa Mining: Zambian mining group says tax changes will hit mineral exploration

Posted on October 17, 2018 by Mozambique Resources Post

Zambia’s proposed mining tax increases will hit mineral exploration and production in Africa’s second biggest copper producer, companies involved in exploration said on Tuesday.

Africa Mining: Zambia says open to dialogue with miners over tax increases

Posted on October 9, 2018October 15, 2018 by Mozambique Resources Post

Zambia’s Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government’s plans to increase mining taxes as reported by Reuters news agency.

Africa Mining: Firms say Zambia’s tax hike plan would ruin economy

Posted on October 5, 2018 by Mozambique Resources Post

Zambia’s proposed mining tax increases would hobble Africa’s second-biggest copper industry, companies said on Thursday, a further warning to investors already concerned about the country’s mounting debt.

Africa Mining: Congo Mines Minister insists no compromise on new mining code

Posted on September 13, 2018 by Mozambique Resources Post

Democratic Republic of Congo’s mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question.

Africa Oil & Gas: State Oil company said to owe $25 Billion to Nigeria Government

Posted on March 24, 2016 by Mozambique Resources Post

Nigeria’s Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has tagged NNPC’s bill to the federal government for 2011 through 2015 at $25 billion. According to RMAFC, the state oil firm failed to transfer the necessary funds to the federal government.

Zimbabwe Mining: Cabinet mulls ending tax on diamonds

Posted on November 18, 2014 by Mozambique Resources Post

The government of Zimbabwe plans to eliminate a 15% value added tax levied on diamond miners as part of measures to stimulate production and attract investment in the sector, Mines Minister Walter Chidakwa announced last week. Authorities are also planning to remove tax royalties on locally cut and polished diamonds.

Mozambique Extractive Industry: Mining Resources accounted for 15% of tax revenues last year

Posted on July 11, 2014 by Mozambique Resources Post

Mozambique Tax Authority CEO, Rosário Fernandes The contribution of mining resources to Mozambique’s total tax revenues has risen significantly over the last four years, from 2 percent in 2010 to 15 percent of all taxes collected in 2013, Mozambique’s Mining Minister said in the country’s parliament.

A Look At Our Neighbour: Zambia looking to review mining taxes

Posted on June 19, 2014 by Mozambique Resources Post

Zambia, Africa’s second-biggest copper producer, wants to review mining taxes to boost government revenue after “inadequate” receipts from the sector last year, finance minister Alexander Chikwanda has said.