Climate Change Action Could Set Off a Copper Mining Boom - How Zambia Can Make the Most of It TC_Africa: Zambia
in the London School of Economics and engagement with the Zambian government on a research agenda for the country's mining sector - we argue that Zambia can benefit from the energy transition underway. But it can only do so by harnessing the non-tax benefits of mining.
In the past, Zambia has been more focused on capturing tax benefits through changes to the fiscal regime. But a balanced approach of a stable mining taxation policy and the pursuit of non-tax benefits could deliver broader gains.Zambia's track record for converting commodity booms into tangible benefits is mixed at best.in 2004. From 2003 to 2006 the price of copper, Zambia's main export, more than tripled. Zambia's economic growth rate took off in response. .
During commodity booms, governments may be tempted to focus on capturing short-term gains, which are frequently understood in monetary terms and primarily as tax benefits. Figure two is a hypothetical one that illustrates the point. For every $100 generated in revenue, imagine that $70 is spent on operational and capital expenditures, that is, running the mine and expanding operations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zambia - Abolition of the Death Penalty 'A Historic Milestone'The decision by Zambia to abolish the death penalty is "a historic milestone', the UN team in the country said on Friday in a statement.
Read more »
ANC proposes to change Reserve Bank mandateParty needs opposition aid as it does not have two-thirds of parliamentary votes needed to change constitution
Read more »
Disciplinary action awaits ANC members siphoning state funds, warns RamokgopaThe treasurer-general made the comments on the sidelines of the ANC’s annual Golf Day in Bloemfontein on Friday.
Read more »
BENEFITS OUTRAGE: Security guards threaten mass national action over ‘irregular’ deductions of millionsCompanies have been accused of docking the pay of security guards, but not following through on their health benefit promises.
Read more »
Mashatile: ANC members implicated in state capture will face disciplinary actionAccording to a report by the ANC’s integrity commission, that was presented at the party’s recent national conference, 97 members were implicated in the state capture report.
Read more »
Half of world's glaciers expected to vanish by 2100: studyHalf of the Earth's glaciers, notably smaller ones, are destined to disappear by the end of the century because of climate change, but limiting global warming could save others, according to a new study.
Read more »