Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Zambia suspends issuing new mining licences

Discussion in 'International Forum' started by sam2000, Oct 21, 2011.

  1. sam2000

    sam2000 JF-Expert Member

    Oct 21, 2011
    Joined: Aug 11, 2011
    Messages: 405
    Likes Received: 21
    Trophy Points: 35
    This Mr Satta real means business! He is doing doing exactly what he promised his people before they voted him in. Read the following news from AFP for those who has not seen it already;

    LUSAKA - The new government in Zambia, Africa's biggest copper producer, said on Thursday it had suspended the renewal and issue of new mining licences and would undertake an audit of the sector.

    Mining Minister Wilbur Simuusa said in a statement that his "ministry has with immediate effect and until further notice suspended the issuance of new applications, renewal and transfer of mining and non-mining rights."

    He said the suspension was imposed as the current process was inefficient and bureaucratic, and that an audit would be conducted of licences.
    "During the suspension period, there will be an audit and clean up of all mining and non-mining rights," Simuusa said.
    Non-mining rights include processing of minerals.

    Earlier this month Zambia imposed and then hastily lifted a temporary ban on metal exports while it drafted new guidelines.
    Zambia is the world's seventh-largest copper producer and copper accounts for 85 percent of exports, but cobalt, lead, gold, silver and emeralds are also mined.

    President Michael Sata, who took office on September 23, promised during his election campaign to change the mining tax regime to focus on companies' total revenues, rather than profits, in order to obtain more funds from the sector.

    That formula is easier for the country's cash-strapped authorities to regulate, since it taxes a company's bottom line without considering its costs or investments -- which are self-reported and harder to audit.

    Sata took office vowing to transform Zambia's fortunes within 90 days and has wasted little time in putting his mark on the government which was run by the Movement for Multiparty Democracy for the last 20 years.
  2. Mtoto Wa Mbale

    Mtoto Wa Mbale JF-Expert Member

    Oct 21, 2011
    Joined: May 15, 2011
    Messages: 458
    Likes Received: 2
    Trophy Points: 35
    Our own Sata is Dr. Wilbrod Slaa, the man of his word. We look forward to voting you in the office soon!
  3. Sangarara

    Sangarara JF-Expert Member

    Oct 21, 2011
    Joined: Sep 29, 2011
    Messages: 12,634
    Likes Received: 34
    Trophy Points: 145
    Jamani tumpeleke Jakaya Semina Elekezi Lusaka
  4. s

    sanjo JF-Expert Member

    Oct 21, 2011
    Joined: Oct 29, 2010
    Messages: 924
    Likes Received: 0
    Trophy Points: 33
    The good thing about Mr. Sata is keeping his promises. He is now migrating promises into actions. BIG UP for all Zambians and let other leaders learn from him.

    SHERRIF ARPAIO JF-Expert Member

    Oct 21, 2011
    Joined: Aug 25, 2010
    Messages: 6,142
    Likes Received: 919
    Trophy Points: 280
    Hata Zambia wanatuacha taratiiiiiiiiiiibbbuuuuuuuuuuuuuuuuuuuu

    BONGOLALA JF-Expert Member

    Oct 21, 2011
    Joined: Sep 14, 2009
    Messages: 12,916
    Likes Received: 1,159
    Trophy Points: 280
    Wamechelewa sana!copper imeshaisha.kama sisi tutakapoachiwa mashimo matupu
  7. m

    mwana wa africa JF-Expert Member

    Oct 21, 2011
    Joined: Apr 17, 2011
    Messages: 449
    Likes Received: 1
    Trophy Points: 0
    tukiamua tunaweza kama zambia wameweza cc je?