{"id":33323,"date":"2022-10-27T22:31:39","date_gmt":"2022-10-27T22:31:39","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five"},"modified":"2022-10-27T22:53:40","modified_gmt":"2022-10-27T22:53:40","slug":"zambia-restricts-number-of-mining-licences-per-company-to-five","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five","title":{"rendered":"Zambia restricts number of mining licences per company to five"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Zambia says the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country\u2019s licensing system.<\/p>\n

The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public complaints about a lack of transparency.<\/p>\n

\u201cEvery miner will be restricted to five licences and those that need more will have to justify it,\u201d Mines Minister Paul Kabuswe said during a briefing on mining regulations.<\/p>\n

\u201cWe have had a lot of licences being used for speculative purposes and we want to curtail that,\u201d Kabuswe said.<\/p>\n

He did not name the companies holding more than five licenses but said those should get in touch with the Ministry. The audit revealed that some companies owned as many as 50 licences.<\/p>\n

It also found that some were not registered with Zambia\u2019s patents and companies registration agency and may not be paying tax. The licensing department, which was expected to re-open on April 11, will resume work on Oct. 19, Mr. Kabuswe added.<\/p>\n

He also said illegal miners would be given 90 days of amnesty to register with the ministry of mines. Mr. Kabuswe said the review of the mining sector was in order to encourage more investment and increase the participation of Zambians in the mineral value chain.<\/p>\n

He said restricting the number of mining licensing per entity will ensure that international companies wishing to acquire mining rights, partner with Zambians or companies owned by Zambians.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Zambia says the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country\u2019s licensing system. The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public complaints about a […]<\/p>\n","protected":false},"author":84,"featured_media":33322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,248],"tags":[234,235,233],"class_list":["post-33323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambia restricts number of mining licences per company to five - Zambia<\/title>\n<meta name=\"description\" content=\"Zambia says the number of mining licences that a company can hold at a time will be restricted to five to curb speculati ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zambia restricts number of mining licences per company to five\" \/>\n<meta property=\"og:description\" content=\"Zambia says the number of mining licences that a company can hold at a time will be restricted to five to curb speculati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T22:31:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T22:53:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-635b0bde54285.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zambia restricts number of mining licences per company to five\",\"datePublished\":\"2022-10-27T22:31:39+00:00\",\"dateModified\":\"2022-10-27T22:53:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/10\/postQueueImg_13-635b0bde54285.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-restricts-number-of-mining-licences-per-company-to-five\",\"name\":\"Zambia restricts number of mining licences per company to five - 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