9.5 C
Alba Iulia
Friday, July 3, 2020

EAZ commends Mopani mine for preserving Jobs

Economy EAZ commends Mopani mine for preserving Jobs

The Economics Association of Zambia has commended Mopani Copper Mine Ltd for the commitment towards preservation of jobs following the introduction of a new mining tax regime.

The Association has further commended the mining entity for embracing a mutually beneficial mature dialogue approach towards a win – win outcome for both the government and the mining company.

Association National Secretary Mutisunge Zulu said this comes in the wake of the recent impasse between the government and mining firms following effecting of a new mining tax regime on 01 January, 2019.

Mr. Zulu has urged other mining companies to emulate Mopani and support the governments initiative to shore up revenues needed for investment in infrastructure development, education and other social needs.

Mopani, is the first mining firm to commit to preservation of jobs and openly engage in mutually beneficial dialogue.

Mr. Zulu said the Association also recognises the efforts of Finance and Mines Ministries in facilitating open door policy accommodating consultative meetings with the mines as they navigate around a win–win outcome.

He has also recognised the relentless efforts of the Mine Workers Union of Zambia and other stakeholders working around the clock to protect the welfare of miners whose jobs are at threat.

Mr. Zulu said the Association, is still confident that an amicable solution will be arrived at ultimately.

Meanwhile, Mr. Zulu has countered claims by international media that have been reporting that Zambia is pricing itself to uncompetitiveness in the mining sector, following the new mining tax changes in mineral royalties.

He has reiterated that Zambia, remains within similar tax brackets with its base metal peers namely the DRC, Tanzania and Chile while It’s ore grade quality for copper remains one of the highest in the world.

Mr. Zulu said Zambia remains a preferred investment destination.

[Read 623 times, 1 reads today]
- Advertisement -
Loading...

Latest News

President Lungu directs NAPSA and Council to quickly complete Intercity Bus Terminus

President Edgar Lungu has directed the National Pension Scheme Authority (NAPSA) and Livingstone City Council to quickly complete the...

Vice President Inonge Wina defends the High Nomination Fees for Elections

Vice President Inonge Wina says proposed nomination fees by the Electoral Commission of Zambia (ECZ) for candidates contesting the 2021 general elections were made...

Constitutional Court dismisses Petition to have Bill 10 Withdrawn

The Constitutional Court has dismissed a petition by Law Association of Zambia -LAZ and Chapter One Foundation Limited to have the Constitution Amendment Bill...

Lungu loves to dine and wine with corrupt people — Mweetwa

UNITED Party for National Development (UPND) deputy Spokesperson, Cornelius Mweetwa says president Lungu’s statement on the presumption of innocence until proven guilty by the...

UPND accuse PF of traversing the Country to look for UPND Councillors to Buy

The UPND on the Copperbelt says it is aware that the PF mob that traverses the Republic to look for UPND Councillors to buy,...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]