JCTR urges govt to provide clarity on mining taxes
By Staff Reporter
The Jesuit Center for Theological Reflection (JCTR) has urged government to provide clarity on the proposed mining taxation regime expected to take effect in April.
JCTR policy analyst Innocent Ndashe said the prices for minerals had been stable on the international market, while the country was not benefiting from this stability.
Recently Kalumbila Copper Mines in Solwezi, North Western Province, notified government of its decision to lay off over 1,000 miners due to the proposed new mining tax regime.
Ndashe encouraged mining companies to allow government to implement its measures without unnecessary threats that only undermine confidence in the economy.
Ndashe has however encouraged mining firms in the country to be open minded as they enter 2019.