STATE, MINES IN TAX GOVT REINSTATES SWAP URANIUM EDIBLE MININGZCM OIL LICENCEVALUE SUPPORT CHAIN, GOVT ADVISED By
MINISTRYof all stakeholders Zambia and abroad. "We look forward to advancing and deepening our crushing capacity with two new long-term plants under and mutually construc- bention eficial and that relationship would be opera- with the tional Republic by year of end Zambia,” of this year. he said “CEDORA in a statement. is fully commit- ted to The achieving Chirundu and Mining realiz- Li
ing this potential and we are
cense was acquired from Af
excited by the fact that gov-
rican Energy Resources Lim
ernment policy and Zambia Revenue ited in Authority October have 2017 been and inextremely cludes supportive. the Njame and Gwabe
“It mineral is our deposits. hope that with this message Mr Friedland our government said: "since can acquiring be assured the that we Chirundu as stakeholders in the oil seed development of the Mutanga value Mining chain are License, fully prepared GoviEx has Project starting with targeted to play ensured our part all statutory to contribute reports resource exploration drilling to our and national payments objectives,” have Dr been play later our this part year to contribute to Chibumba. made, and in addition has exour “We national are very objectives,” pleased he and He panded observed its Community the need to and said warmly in a statement. welcome the decire-examine Social Responsibility current approach proDr Chibumba stressed that towards grams oil to seed cover breeding the and villages sion made by the Mining
oil seed cultivation and pro- the current high cost of certi- cessing Cadastre provided concerning an opportu- the refied within the Chirundu Mining
oil seeds. nity instatement to expand the of agriculture the Chirundu He License, said it including was in the in- reconsector. mining license and believe terest struction that a mechanism of a school and was the
He this said decision this was a well sub-sec- considimplemented commencement for developing of an adult tor ered with and in over the best 800,000 interests new education high yielding programme." breeds to tonnes of installed soya bean maximise on utilisation.
Sokwani Chilembo, said in an make off sets against taxes that interview that the tax offsets they owe. were currently happening of at “One of the things which company BUUMBA level. CHIMBULU Mines has reis quite important is on cash CRUSHERS
“It happens, instated it has the been working capital and one way happening for a licence long time. for So they [Government] could as-
is an on-going and GoviEx, process, Edible a Cait is sist is through the outstanding part of nadian the Oils whole mineral process. Refiners resource So VAT.
is on-going. company, Association to They mine happen uranium at “Not necessarily pay- company (CEDORA) in Chirundu. level. has called for ing cash, but at a “I further will The need reinstatement development to make of of the con- very least allow
measures that will support
tacts, licence we do is not however comment subject on it mines to make
the edible oil value chain in without Zambia. to completion making direct of certain contact exoffsets against with the ploration Further members. developing and development We of need sup- to some taxes speak portive milestones to them measures to then advance will give ensure the liyou that they owe some that cense information. oil towards seed cultivation final So feasibility let in me ZRA if those find out Zambia study. from becomes them,” an increas- Mr Chil- could be embo ing said. The and company core component has therefore of strategy clawed to diversify out its min
Recently, small-scale indicated its ZCM farming, plans to president, reinvigsays ing industry of the VAT from re- the heavy Goodwell CEDORA orate the Mateyo, development Director, indicated Aubrey of the weighting funds. of base This metals is and that the Chibumba. Mutanga Chamber Project was in Chirunin dis- realising advancing an this on-going its potential long-term and de
Dr with starting we a sire are discussion to excited include by uranium the fact and cussion du, Chibumba Government with indicated targeted for possible that Government but baseload we wish nuclear policy power and that doing debt so swap. would help to clean resource exploration drilling Mr achieve Mateyo some said of the national once the Zambia it could of Revenue its economic be Authority develgoals later this as espoused year. in the 7th as part
have been extremely support-
discussion Commenting was fruitful, on the reinGov- opment resolves plans.
National Development Plan ive.
ernment statement, would GoviEx not Executive have to that was poverty reduction, “It Mr is quicker,”
our Friedland hope that with indicated this
pay cash Chairman, from the Govind treasury Friedbut that Mr as Mat- the uranium
crop diversification and in- message our Government can marallow dustrialization. land, entities said the owed Zambian refunds Govto be ket assured improved, eyo said. that we the as company stake- ernment “CEDORA had is indicated fully com- its holders planned in the to reinvigorate oil seed value the mitted to achieving and chain are fully prepared to both in