Royalties on the Zambian mining sector has caused tax revenue to increase by 46 per cent. (Image source: Mmj/ Flickr)
Tax revenue from Zambia’s copper-mining sector has undergone a 46 per cent leap, now totalling ZMK 35 billion (US$7.1 million) per month, as a result of the doubled mineral royalties that came into effect in April 2012
China Copper Mines looks set to build a US$100 million plant in Zambia, with the expected production capacity of 600 tonnes of copper cathodes per annum
Xceed Resources has signed an MoU with South Africa’s Thebe Mining Resources to sell a cornerstone stake in its Moabsvelden coal project for AUD 11 million (US$112.90 million)
Mwana Africa, a Pan-African mining company, has recorded an increase in gold production at its Freda Rebecca mine in Zimbabwe
Platinum miners in South Africa have been taking a beating due to the drop in demand for the metal from car producers in Europe
