GOVERNMENT URGED TO REPOSES MINES FROM FOREIGN FIRMS

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GOVERNMENT URGED TO REPOSES MINES FROM FOREIGN FIRMS

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The opposition Golden Progressive Party (GOP) has agreed with other concerned Zambians calling on President Edgar Lungu to appoint a high-level task team with extensive expertise in mining, management and economics to come up with best modalities to repossess the mines and run them on profitability by Zambians.

 

The CHAMBER OF MINES has warned the new mine tax proposed in the 2019 National Budget could lead to more than 21,000 job losses and operators cutting $US500 million in capital spending over the next three years.

 

But GOP Party Leader Jackson Silavwe has observed that Zambians have now the necessary capacity and expertise to run their own mines on profitability adding that Zambians are not afraid to run his own economic affairs.

 

He tells The Speech Analyst in a statement that throughout the country’s history, the foreign-owned mining companies have unashamedly mobilized and exploited the fears of loss of ‘income’ and ‘popularity’ to their advantage against the citizens and leaders respectively.

 

“It is the same stratagem adequately employed by the same multinational companies (MNC’s) when President John Magufuli of Tanzania, demanded a fair share of the mineral wealth for his people. Zambia is no exception” he stated.kanasanshi-mine-3

 

“Seemingly, Mopani Mine and Kalumbila Mine, have extreme difficulties to give the Zambian people ONLY USD $360 and $396 per tonne in mineral royalty when the price of copper is at USD $6,000 and $6,600 respectively” he adds.

 

 Silavwe has noted that Instead, the foreign-owned mining companies are claiming losses way before the new mining tax regime outlined in the 2019 National Budget is implemented further urging Zambians not succumb to the profit bent mining companies.

 

We ask is the Government of Zambia ready to run Copper mining better than Foreign Nationals.

 

 

 

 

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