News

3 NORTH-WEST MINES PAY K6bn ROYALTY TAX

Three mining giants, Kansanshi, Lumwana and Kalumbila from North-Western province, have paid more than K6.1 billion as mineral royalty tax to the Government.
Finance Minister Margrate Mwanakatwe said Kansanshi Mining PLC, last year paid to the Government K862,399,560.93 as mineral royalty tax while in 2016 the company paid K1, 132,071,896.67 and K1, 711,207,603.40 was for the year 2015.
Ms Mwanakatwe said that, Lumwana Mining Company paid K471,013,550.70 last year, and in 2016, there was a payment of K525,836,453.45 while that of 2015 was a total of K562, 338,245.43.
She said Kalumbila Minerals PLC last year paid K393, 364,646.79 while in the year 2016 the company made a payment of K349, 105,254.44 and in 2015 it paid out K114, 729,139.82 to the Government.
She said this in response to questions for oral answers converted into written responses by Solwezi West Member of Parliament (MP) Teddy Kasonso in Parliament last week.
Mr Kasonso, United Party for National Development, wanted to know how much money was collected in the mineral royalty tax from 2015 to 2017, year by year, from those three mining companies in North Western province.
He further sought clarity from the minister of Finance on how much was utilized for the direct benefit of the local communities and if none,why.
Ms Mwanakatwe said,however, that none of the funds alluded to in terms of mineral royalty collections from 2015 to 2017, were utilized for the exclusive direct benefit of the local communities.
“However it should be noted that local communities just like any other citizens did benefit from the provisions of public goods and services by Government owing to the exploitation of the country’s resources,including mining,” she said.
She said the local communities did benefit from the provisions of goods and services as it was consistent with the provisions of the Constitution under Article 198 (b) (ii) and (iii).
By Chila Namaiko, Times of Zambia, Tuesday, July 17,2018.

If you enjoyed this article, Get email updates (It’s Free)

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close