The National Union of Miners and Allied Workers (NUMAW) has welcomed Konkola Copper Mine (KCM)’s acceptance to abide by the new tax regime introduced by government.
In a Press Statement issued to ZANIS in Kitwe today, NUMAW National Secretary, Goodwill Kaluba said the commitment pledged by KCM to abide by the provisions of the new tax regime was a demonstration of good corporate citizenship which must be emulated by other mining investors.
Mr. Kaluba said observing and respecting laws of a country was a milestone in fostering development and promoting integrity and respect for human rights.
He added that government’s move to introduce the new tax regime for mining companies was aimed at making local people benefit from their natural resources such as copper and other minerals.
Mr. Kaluba noted that the current record of high copper prices on the international market should have a positive benefits on the local people
He disclosed that his union would remain committed to supporting government’s well intended move to adjust corporate tax from 31 per cent to 47 per cent.
Mr. Kaluba said the new tax regime would cushion the tax burdens which miners have been enduring in the past.
He said the new tax regime would assist government in speeding up development works on the Copperbelt province, especially in turning Kitwe-Chingola road into a dual carriage way.