-The Zambian Chamber of Mines, ZCM, is happy with government decision to wave windfall tax on Copper and Cobalt prices.
ZCM president, Nathan Chishimba, said the measure reflects government’s commitment to assisting mining companies remain viable and sustain their workforce.
Mr Chishimba, however, said the negative effects of the on going global financial crisis and high production costs required measures to cushion the negative impact on the mining industry.
He expressed confident that the measure would also help promote investment in the sector.
Mr. Chishimba said the mining industry in Zambian does not control commodity prices at the world market and hence the sector could not isolate itself from the negative effects of the global economic recession.
He also said the high cost of doing business in Zambia create a barrier to economic growth and hence called on government to work with the mining industry to streamline the burden and other statutory costs involved.
Meanwhile, Vice Republican President George Kunda is tomorrow expected in Livingstone for the official opening of the 2009 African Mining Congress (AMC).
Mr. Kunda who is also Justice Minister is scheduled to arrive at the Livingstone International Airport around 08.30 hours and will be received by the Provincial Minister, MMD Provincial Chairman, the Permanent Secretary, the Mayor, and the provincial leadership.
The Vice President is also scheduled to receive briefings from the provincial leadership at the Royal Livingstone Hotel.
This is contained in a programme statement made available to ZANIS by provincial administration office.
After his arrival , Mr. Kunda will proceed to Zambezi Sun Hotel where he is expected to receive briefings from the AMC organizers.
Mr. Kunda is expected to depart for Lusaka after the official opening of the congress.
ZANIS/MM/MKM/ENDS
ENDS/AC/ZANIS/SJK