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Alba Iulia
Friday, August 7, 2020

Government is working on making mining sector thrive-Mutati

Economy Government is working on making mining sector thrive-Mutati

Finance Minister Felix Mutati interacting with Zambia Daily Mail Managing Director Nebat Mbewe.
Finance Minister Felix Mutati interacting with Zambia Daily Mail Managing Director Nebat Mbewe.
Minister of Finance Felix Mutati has said government will put forward a stable tax system that will enable mining companies to operate effectively.

Mr. Mutati said the mining sector will continue to take part in growing the Zambian economy.

He said government will implement a stable tax regime in the 2017 national budget that will stabilise the mining industry and create employment.

Mr. Mutati said further government will embark on explorations to continue expanding the mining sector.

He was speaking this morning at a 2017 budget analysis breakfast organised by KPMG in Kitwe.

He said government believes in forming respectable partnerships that will create common benefits for both parties and contribute to the growth of the economy.

The Finance Minister said despite the copper prices going up in the past, tax regimes remained static.

Mr. Mutati has since urged the mining firms to help government by investing more in the sector.

“Government will embark on explorations and will continue expanding opportunities for minerals because government is mindful that mining still remains key in the economy in contributing to the foreign exchange and job creation,’’ he said.

Mr. Mutati has meanwhile appealed to the investors to support local contractors and allow them to contribute to national development.

He noted that there was need for mining industries to build business trust and assist government to set a platform for 2017.

“We urge investors in the mining sector to give local contractors opportunities because they also have families to feed and children to take to school.

Government does not need to put legislation in business. Business must be built on mutual trust and confidence,’’ he said.

12 COMMENTS

    • What’s Emmanuel Mutati’s role in Felix’s obsession with the mines? While the mining sector is a key player to our economy, they are run by business. This pandering to them by govt won’t help our situation.
      Diversify, Felix.

    • Mutati, the The True PF don’t like you. Your RB partnership messed up all votes, and return you were offered Chikwanda job. Mr. Chikwanda wants his pf campaign donations back!!!

  1. At least, he compares (and inspires!) better/ more than his predecessor. I have always believed that the crop of economic mangers that LPM left was the best for this struggling country while MCS gave us the worst. Economies don’t just mange themselves. They have to be managed.

  2. If we are till talking about exporting raw copper then its yet another merry go round. No benefit for the zambians.

  3. “We urge investors in the mining sector to give local contractors opportunities because they also have families to feed and children to take to school.
    Government does not need to put legislation in business. Business must be built on mutual trust and confidence,’’ he said.
    Mr.Mutati please realise that we cannot continue to play copy and paste economics.Mutual trust and confidence will never be there:it has simply failed!We need to try a different approach.I believe legislation can help us.It good to have education but applying it to the letter is foolishness.You have to modify it to suit your needs.Here we need flexible legislation and that benefits us.Do these investors care about people taking there kids to school?I dont think so.

  4. Increase the tariffs for export of concentrates and semi processed copper like anodes and copper ingots. KCM and CCS are doing it. Employ more Metallurgists Geologist and Mining Engineers (experienced ones) to strictly monitor the production levels at every stage of the mining operations to curb the rot currently taking place in these mines.

  5. This is what I call “NOISE MAKING”- NOTHING TANGIBLE from what THIS OPPORTUNIST has said!! In ONE BREATH HE SAYS-“He said government will implement a stable tax regime in the 2017 national budget that will stabilise the mining industry and create employment” and then in ANOTHER he says – “The Finance Minister said despite the copper prices going up in the past, tax regimes remained static”.SELF CONTRADICTORY- if it is static then it is stable- this is talking for sake of it JUST TO BE HEARD! And HE SAYS-“Government will embark on explorations and will continue expanding opportunities for minerals because government is mindful that mining still remains key in the economy” – HOW and WITH WHICH RESOURCES?? We HAVE BEEN LOSING ON MINING WE NEED TO TURN A PAGE!

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