The Post reports that Finance and National Planning Minister Ng’andu Magande said government had only received K300 billion from mineral royalties and company tax as of August this year. “Questions have been raised as to whether the concessions are still justifiable. We have seen an unprecedented increase in the international metal prices. Therefore, the basis on which these concessions were given no longer exist which is why our renegotiating team is retreating to find the best way in arriving at a status that benefits both the mining companies and the people of Zambia.”
Well, we have heard something similar from Magande before. What would be really appreciated would be an open discussion of the negotiating objectives of the Government’s team. Why not make this a national debate (or join the debate on Minewatch!) about what Zambia should be aiming to get out of copper-mining contracts, rather than simply claiming the team will ‘retreat’ to discuss it themselves?
1 comment:
I say - no more secret agreements. And what is this about being fair to both sides?
At least, there should be discussion in parliament.
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