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Zambia: Mining companies resist the urge to cut jobs despite new tax regime

Author, Chiris Phiri, Zambia Reports

"More Mine Firms BAck Down on Job Cuts" 23 January

Luanshya Copper Mines has joined the growing list of mine firms that have backed down on firing employees in the wake of the new tax regime. And First Quantum Minerals has also announced that it will not be laying off workers in response. Mineworkers Union of Zambia President Joseph Chewe says LCM has opted to engage government over the controversial tax regime. 

...Chewe stated that the move taken by Luanshya Copper Mines as well as Mopani Copper Mines is a move in the right direction and will help in safeguarding jobs. He said job cuts in the mines are detrimental as they end up depriving government from collecting the much needed revenue and could send youths on the streets.


Read the full post here

Related companies: First Quantum Minerals