Mining attracts $5bn investment pledges

NKOMBO KACHEMBA
Lusaka
AN ANALYSIS by PriceWaterHouseCoopers (PwC) on Zambia’s mining sector reveals that investment pledges worth US$5 billion have been made in the industry since Government embarked on mining reforms last year.
Government has made several changes to the mine tax regime to make the industry attractive for investment as it focuses on achieving its three million metric tonne copper output per annum in 2032.
In its report titled ‘Zambia Mining 2023 Repor’, PwC also observes that the tax incentives introduced by Government have also pushed capital investment up by 59 percent, to US$640 million this year, from US$409 million expended last year..https://enews.daily-mail.co.zm/welcome/home