Arbitration and dispute resolution
Any dispute, disagreement, controversy or claim related to this contract shall be referred to arbitration in accordance with the rules...
Confidentiality
All information acquired by the government from the Chambishi Metals reports required by this contract shall not be disclosed to...
Environmental impact assessment and management plan
Chambishi Metals will negotiate in good faith with the government to reach terms on an environmental plan within 18 months...
Income tax: other
The carry forward of losses shall be permitted for 10 years from the date of the loss.
For the first...
Income tax: rate
The income tax rate applying at the date of the contract is 35%. If Chambishi Metals obtains a full listing...
Local employment
Chambishi Metals shall not be restricted in its employment, selection, assignment or discharge of personnel so long as the employment...
Local procurement
Chambishi Metals shall:
(a) comply with the local business development program to encourage and assist the establishment of businesses within Zambia...
Location
The location of the operations are detailed in the maps in Schedule 3.
Name of field, block, deposit or site
Chambishi Cobalt and Acid Plants and Nkana Slag Dumps
Other - financial/fiscal
The current tax regime is applicable to Chambishi Metals in the conduct of its activities under this contract. While Schedule...
Other - miscellaneous
Chambishi Metals PLC shall:
(a) provide the housing allowance to those employees who are entitled to one (if such entitlement is...
Royalties
Chambishi shall pay to a mineral royalty of 2% on the net back value of minerals produced in the mining...
Stabilization
For the first 15 years the government will not:
(a) increase the current corporate income tax or withholding tax rates applicable...
State agency, national company or ministry executing the document
Ministry of Mines and Minerals Development; Ministry of Finance and Economic Development
Term
The realistic timetable for bringing the smelter into production is approximately 31 months and the life of the project is approximately 30 years.
Training
Chambishi Metals will comply with the training and human resources management program. Chambishi Metals may, with the consent of government,...
Work and investment commitments
Chambishi Metals’ operations to acquire the discard slag dumps from the Nkana smelter to process this material into finished cobalt...
Country
Zambia
Signature Year
1998
Resource
Cobalt | Copper
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-2310104390
Disclosure Mode
leejones.tk
See Legislation in African Mining Legislation Atlas
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