MINISTER of Mines, Energy and Water Development Christopher Yaluma says dialogue between Government and mining firms on the tax system has so far been satisfactory.
Mr Yaluma said the government is committed to ensuring that the tax system is not burdensome but conducive to tax compliance and beneficial to the country.
He was speaking at the re-launch of the book ‘Zambia Shall Be Free’ written by former President Dr Kenneth Kaunda. The re-launch of the book was sponsored by Kagem Mine.
Mr Yaluma said Government heavily depends on the proceedings of the mines and would not want to see any mine fold.
“The government does not want to see any miner or Zambian lose a job because of mines closing. Our dialogue with mining companies will soon conclude and agreement on mineral royalties reached,” he said.
Mr Yaluma urged mining firms to be free in the dialogue process, adding that together they will move forward.
Government has doubled the mineral royalty rate from three to six percent.
And Kagem board chairman William Nyirenda said last year it paid US$31 million in mineral royalties and corporate tax to the treasury.
Mr Nyirenda said Kagem, the world’s largest open pit gems mine, will soon open new pits in their licentiate areas which will create more jobs for the people in the communities they operate from.