Copper $ 4.523 / lb 3.30%
Brent Crude Oil $ 64.01 / bbl 2.25%
Palladium $ 906.7 / ozt 0.24%
Crude Oil $ 61.5 / bbl 2.16%
Natural Gas $ 3.527 / Btu 0.20%
Silver Futures $ 31.91 / ozt 2.56%
Aluminum Futures $ 2300 / ton -0.97%
Micro Gold Futures $ 3272.1 / ozt 1.55%
Micro Silver Futures $ 31.91 / ozt 2.56%
Platinum $ 944.6 / ozt 1.59%
Gold Futures $ 3244.6 / ozt 1.58%
Go to MDC Markets

Zambia makes large-scale mining fees 15 times higher

Cecilia Jamasmie | February 22, 2013 | 5:29 pm Base Metals Energy Africa Europe Coal Copper 

The Zambian government announced Friday it is increasing the cost of its mining licences to equal neighbouring countries’ rates and deter speculators from buying land in the country. Zambia’s mining minister, Yamfwa Mukanga, said fees for large-scale mining will jump...

Mining.com Recommends