By BUUMBA CHIMBULUMINERS have objected to a study by the Centre for Trade Policy and Development (CTPD) suggesting that the Covid-19 impact on mining was minimal owing to the taxes which the country benefitted from the sector.A study by a think-tank has suggested that Covid-19 had a minimal impact on the mining sector between January and June 2020, evidenced by higher collection of some taxes.But Zambia Chamber of Mines (ZCM) has ruled out the report questioning its methodology.CTPD Senior Researcher Extractives, Webby Banda, in launching the study, explained that mineral royalty collection increased by 25 percent last year between January and June.Mr Banda attributed the improvement in revenue collection for the period to change in the efficacy of tax administration, fiscal relief packages given to mining firms and implementation of cost-saving initiative in major mines.Reacting to the study, ZCM Researcher Policy Manager, Yewa Kumwenda, questioned the methodology of the report.Mr Kumwenda argued that the mining […]
MINES DISMISS ‘FAVOURABLE’ REPORT
