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| Title | Report- Zambia's Mining Key reforms for the Actualization of the 3 million metric tonnes of copper in a Decade |
|---|---|
| URL | https-pmrczambia-com-s-3-million |
| Description | The study was conducted to identify workable reform options and suggestions essential to Zambia’s aspirations of ramping up copper production to 3 million metric tonnes in a decade. The study used qualitative research approaches through expert interviews involving eleven (11) stakeholders that included representatives from the Government ministries, academic institutions, policy think tanks, mining associations, and mining business establishments. Study findings revealed that mining in Zambia has a high tax rate compared to other countries, which is likely to affect the much-needed investment necessary to increasing copper production to 3 million metric tonnes of copper in a decade. The study identified many significant obstacles to the mining industry’s expansion that could have a detrimental impact on the realization of the 3 million metric tonnes of copper in the next ten years. These rigidities include unstable tax regimes, low ore grade for the majority of the current mines, which makes production expensive, especially for the Copperbelt-based mines, use of outdated technology, electricity supply limitations (mining expansion is largely constrained by how much electricity ZESCO can produce), regulatory difficulties and resource nationalism. In terms of supportive sectors, the copper sector is intricately tied to other industries both primary and secondary level. The primary industries that will be crucial in supporting the mining sector include forestry, electricity, petroleum, transport and logistics as well as financial services (suppliers of goods and services to the mines require financing for them to step up). Secondary sectors key in supporting the copper mining sector include educational institutions and other utilities (through training of geologists, mining engineers, technicians, artisans, business administrators and other expertise required in the in the mining industry). For the actualization of the 3 million metric tonnes, the report offers crucial policy recommendations. According to the study findings there are a number of reforms key for the successful actualization of the 3 million tonnes of copper in a decade based on best practices such as a stable and predictable mining tax regime, independent legal framework for Artisanal and small-scale miners, debt restructuring, 3 million metric tonnes copper production master plan and revision of the legal framework for public private partnership. The research also suggests important measures that will benefit the industry, such as granting permits to all major mining companies, expediting VAT refunds and creation of a strategic plan that provides a clear direction on geological mapping and mineral resources management. |
| Organization | 971285bb-8ba1-4331-895f-7b52e8cacf14 |
| License | notspecified |
| No PII Confirmation | Yes |
| License | not specified |
| Visibility | Public |