Zambia’s mineral royalty plan “a step in the right direction”: CoM

AML media mine

Zambia’s plan to remove mineral royalty taxes non-detectability was “a step in the right direction” towards full reform of the mining tax regime, Zambia Chamber of Mines President Godwin Beene said. Finance minister Situmbeko Musokotwane, in his first budget since elections in August, said Oct. 29 the new government would aim to reintroduce the detectability…

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Ahmed win good for mining in Ethiopia: analyst

AML Media

A win for Ethiopia’s incumbent prime minister Abiy Ahmed in this week’s general election will be a good result for mining companies as his Prosperity party looks to the sector to revive the country’s battered economy, Piers Dawson, Associate Director at consultancy Africa Matters told Mining Journal.

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Record copper prices double-edged sword for Zambian miners

AML Media mine

Copper mining companies in Zambia, Africa’s second-largest producer of copper after the Democratic Republic of Congo, are at odds with the record prices of copper, which have brought them significantly higher royalty bills than previously under the country’s current tax regime.

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Mozambique’s insurgency raises risk of government debt default

AML Media

The receding chances of onshore liquid natural gas (LNG) production starting on time in northern Mozambique will leave a hole in public finances and increase the danger of a debt default. The seizure of the town of Palma in Mozambique’s northern Cabo Delgado province by Islamist militants in March burst a bubble of complacency surrounding…

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