Mines Minister Christopher Yaluma says the PF Government is determined to unpack the operations of all mining companies in Zambia.
Mr Yaluma said the recently launched industry wide forensic audit of the mining industry is a step towards cleaning up the situation in the mines.
He said for a very long time, the mining industry has operated in secrecy with little or no understanding of its operations by Government and other stakeholders.
“With what is happening at KCM, this is the beginning of opening up of the mining sector.
We want to unmask this important sector and allow Zambians to understand how it operates.
For a long time, mines were operating in secrecy but we are saying more transparency is required,” Mr Yaluma told Journalists in Lusaka.
Mr Yaluma said the recent KCM audit results managed to shed light on some of the operational challenges faced by the mining giant.
“We are hoping to build on that KCM audit. The revelations in the KCM audit were shocking and to an extent showed the mismanagement going on at some of these mines but we are determined as a Government to clean up the mining sector,” he said.
But why is he not making the results of the KCM audit public….HAVE THEY ALREADY BEEN BRIBED AGAIN?
An offshore account to a “Belly Politician” is like a Red Rag to a Bull
Accountability & morals fly through the window Quick!!
when mining output is sold, for example, copper, emerald, diamond. Only a fair amount of quantity is recorded in the accounts books. The rest is sold under the table and not recorded. We don’t have to pay taxes or dividends for products sold under the table. We put that money directly into our pockets and we don’t even keep that money in Zambia but in other foreign countries so that it cannot be traced. The truth is, this is how I became stinking rich. Now I have 5 other companies in other countries, over 3 golf courses, 11 houses, 6 office buildings; Thank You very much dumb Zambians
Sounds like a joke but that could be the situation
They have been compromised. In fact this audit is now just a rubber stamp, a waste of taxpayers money. There is no mention of transfer pricing and all the funny tax avoidance methods, they seem to be covering up for the mine with verdict being the mine cannot possibly pay tax because they are not profitable due to mismanagement. LIES!
“for a very long time, the mining industry has operated in secrecy with little or no understanding of its operations by Government and other stakeholders.” This is interesting. What is the role or function of the Ministry and Minister of Mines? PF you came into government with no idea what governing a nation is, it is good that you are now waking up.
I have no confidence in this empty tin Yaluma, he said the selfsame thing at communication about the Mobile Network companies when he was Minister there; to date they are still ripping off subscribers left right and centre.
The audit of KCM should also arraign the boastful Vedanta chairman before the Zambian public to repeat his claim that he bought KCM cheaply and is reaping exceedingly more each year than what it cost him to buy the mine. Then, we are going to claim what is due to us. KCM should be made to repay Zambians all the dues owed. Investigations should also ensue to establish reasons why the mine was sold for a song. The Zambian team which brokered the transaction with Vedanta and its subsidiary should also be arraigned with the boastful chairman, to exculpate. Corruption must have influenced the transaction.
What measures are you going to put in place to ensure correct quantities of copper exports are given to govt?
Yaluma seems to be saying the government has no clue of what is going on in the mining industry because they operate in secrecy! I suggest the government has no clue because it has no capacity to oversee what is going on or its officials have been compromised.
Dear Editor
I recently visited my uncle who works at Brazilian firm called U&M Mining and was shocked when I saw his contract duration – 30 days and told me he has been signing such for over one year now.
And I asked him a question which Zambia labour law does your employer follows?
He failed to answer me. Please in today’s world signing 30 days contract and am sure even ILO can’t allow such a thing!
Where are we heading to as the nation with this casualization? We all know that they don’t have mining contract in Zambia they shouldn’t take it as an excuse and mistreating Zambia workers through casualization.
The Patriotic Front government is busy curbing casualization and such respected company is busy doing the opposition side.
Am here by appealing to the…
“Mr Yaluma said the recent KCM audit results managed to shed light on some of the operational challenges faced by the mining giant.
“…The revelations in the KCM audit were shocking…to an extent showed the mismanagement going on at some of these mines but we are determined as a Government to clean up the mining sector,” he said.”
IWE YALUMA, READING THROUGH YOUR EXCERPTS ABOVE ONE WONDERS ON WHICH SIDE OF THE COIN YOU ARE. TELL US. ARE YOU WITH ARGAWAL AND OTHER MINING GIANTS WHO ARE REAPING ZAMBIA, OR ARE YOU WITH THE ROBBED- MEN, WOMEN AND CHILDREN OF ZAMBIA? MUKANWA KAMOKENE UKUWEMO MUNSOLI WISE ULISHEMO NE MPUULU PANSHITA IMO INE…
Bushe emukalamba pali ulya bakateka besu baitile ati Icipuba, mwa?
Am sure you have already sent your relatives and friends to do the auditing so that you can get kick backs, publicise the audits results when finished, Yes/No???Loads of rubbish.
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