WE are not surprised at yet another revelation of the economic sins committed by mining companies against a gullible host nation – Zambia.This, it appears has been going on throughout the years and successive governments have been cheated out of what rightfully belonged to them in form of taxes.But this won’t be the case anymore.Government has taken action, showing its determination to stop the drain by imposing tougher testing measures to stem the submission of low-grade samples to undervalue mineral exports and consequently, loss of revenue by the government through mineral royalty tax payment.From July 1, officers from the Ministry of Mines and Mineral Development will be going to the mine sites and traders’ warehouses to collect the required samples instead of relying on samples submitted by exporters.Mines and Minerals Development Permanent Secretary Barnaby Mulenga on Wednesday disclosed how the country was losing millions of Kwacha in revenue through cheating by mining companies that submit […]
Lesson learnt
