Mon, 28 Aug 2017 09:47:31 +0000 By Mailesi Banda THE biggest challenges for any mining operation is the operating environment and the Zambian government has adopted a relatively pragmatic approach to managing the sector’s fiscal and regulatory framework, Konkola Copper Mines chief executive officer Steven Din has said. Mr Din said while the mining company recognised the challenging commercial conditions for some mining companies and the need for stability in the operating environment, the government had done its part. According to a press statement availed to the Daily Nation, Mr Din commended the government for the reviews in the mining tax codes. Mr. Din explained that after several reviews of Zambia’s mining tax codes and regulations, the government introduced a Mineral Royalty Tax in June 2016 linked to copper prices and also removed duties on concentrate imports. “These reforms, in my view, provide the basis for us to take a long-term view of the industry […]
