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State to tighten mineral exports monitoring

GOVERNMENT is investigating the difference between production and exports declared by Konkola Copper Mines (KCM) to determine if mineral royalty paid on cobalt matches with quantity and value.

Minister of Mines and Minerals Development Richard Musukwa told Parliament yesterday that Government will soon introduce a mechanism through which mining companies will be issued with invoices for mineral royalty based on mineral analysis.

“This will allow for payment of mineral royalty on all minerals contained in the consignment and not on sales as it currently is.

“We will also provide adequate resources for the ministry to collect samples from the sites where the commodities are mined.

Source: Daily Mail

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