Features

Taking control of mines

KELVIN KACHINGWE, Lusaka
ANDREW Sardanis, the man who negotiated the 51 percent stake for the Zambian government in the two mining giants Roan Selection Trust (RST) and Anglo American Corporation in 1969, says the issue of mineral royalties has always been a bone of contention ever since he can remember.
The latest of course is the Government’s 2019 budget, which includes an additional 1.5 percentage point increase on all mineral royalty tax bands, and an additional two royalty bands of 8.5 and 10 percent when the copper price exceeds US$7,500 and US$9,000 per tonne respectively.  http://epaper.daily-mail.co.zm/

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