By ADRIAN MWANZACOPPER production has dropped five percent as of September 2021 due to the difficult circumstances in the last three years, says Zambia Chamber of Mines Chief Executive Officer Sokwani Chilembo. Mr Chilembo said on ZNBC’s Sunday Interview last night that the mining industry had been on survival mode and had suspended capital expenditure just to stay afloat which has had consequences. He however said the 2022 budget had given them hope to start delivering the kind of revenue growth the country was expecting.Mr Chilembo said that he commended the new dawn government for removing the mineral royalty non deductibility tax because firms were forced to pay tax twice. He said countries like Zimbabwe in the gold sector withdrew it because they were not able to reap benefits from it.He said even Namibia which considered the venture ditched this concept after looking at the experience of Zimbabwe. Countries like Botswana which had a small […]
COPPER PRODUCTION DOWN 5PC
