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Zambia's new mining tax regime could backfire

Location:

ZAMBIA

The new rules remove corporate tax, but hike mining royalties to 20% for open pit mines (up from 6%), and 8% for underground mines (also up from 6%). Some flexibility in the…

Tanzania’s new president initiates small shifts

Location:

TANZANIA

The following day she announced a cabinet reshuffle to fill his position, moving Mwigulu Nchemba into the finance ministry and making a number of other changes across the cabinet.

Economic improvement in Chile will remain moderate

Location:

CHILE

The figures also indicate that the imbalances created by pandemic-related injections of liquidity in 2000 and 2021 have largely been corrected.

Namibia activists could prompt moderate policy shifts

Location:

NAMIBIA

President Hage Geingob's administration last week agreed with the opposition movement Affirmative Repositioning (AR) to allocate the site, which was previously off-limits. AR had…

Commodity price rises could boost Peru growth outlook

Location:

PERU

The Peruvian economy appears to be benefiting not just from increased mining production but also from a moderate improvement in commodity prices. If sustained, these will feed…

Australia’s coal sector will suffer in the long term

Location:

AUSTRALIA

Australia is a major exporter of coal, but revenues from sales abroad are expected to fall by 32% in the 2020-21 financial year due to lower volumes and weaker prices, with only a…

Peru cabinet reshuffle will bring little policy change

Location:

PERU

Boluarte has reshuffled some key cabinet posts, including the portfolios of defence, economy and finance, and energy and mines. The main purpose of the changes is to shore up…

Leadership, labour woes to hurt South Africa mining

Location:

SOUTH AFRICA

The gold sector has so far avoided strikes (NUM concluded a wage agreement affecting two firms on October 2), unlike the wider mining sector. Government policies and support…

Tanzania mining reforms set stage for new negotiations

Location:

TANZANIA

Earlier in July, the National Assembly passed three bills overhauling the regulatory framework for the extractive industries. Together, they constitute an attempt to squeeze…

Widening imbalances to weigh on Colombia growth

Location:

COLOMBIA

Colombia's economy.