Arbitration and dispute resolution
Konkola Copper Mines agrees to submit to the International Centre for Settlement of Investment Disputes any dispute for settlement by...
Assignment or transfer
Konkola Copper Mines can assign its interest in a large-scale mining license and this agreement to a person of shared...
Cancellation or termination
Konkola Copper Mines may terminate the contract at any time after the 20th anniversary of the effective date by giving...
Confidentiality
The Government undertakes that it shall use all confidential information only for the purpose for which it was given...
Custom duties
Konkola Copper Mines is entitled to an exemption from customs and excise duties, and other duty or impost levied under...
Environmental impact assessment and management plan
Konkola Copper Mines and the Government shall within 2 years of the effective date or any longer period agreed between...
Governing law
This contract shall be governed and understood in accordance with the laws of Zambia which are in force on the date of execution of this contract.
Hardship clause or force majeure
Any failure on the part of a party to comply with any of the terms, conditions and provisions of the...
Income tax: exemptions
The aggregate of the value of customs and excise duty and royalty payable by Konkola Copper Mines if exempt from...
Income tax: other
During the stability period, the Government shall not increase the rates of tax, royalty, impose additional taxes or levies on...
Income tax: rate
Konkola Copper Mines should pay the Government of Zambia income tax as per this contract and the Income Tax Act,...
Infrastructure
Konkola Copper Mines should provide the following local municipal services in the areas in which it operates: water, sewerage services,...
Local development agreement
Konkola Copper Mines should: (i) comply with the local business development programme in order to encourage and assist the establishment...
Local employment
Konkola Copper Mines agrees to attract qualified Zambian citizens working overseas back to employment within the Zambian mining industry. In...
Local procurement
Konkola Copper Mines can tender for and procure the supply of materials, equipment and services internationally if such materials, equipment...
Other - general
A dispute has arisen when one party serves a notice on the pother party stating the nature of the dispute....
Renewal or extension of term
The parties by agreement in writing between the persons responsible for giving notices may from time to time extend any...
Reporting requirements
Konkola Copper Mines should submit annual reports of its operations to the Government. The first report should be submitted 3...
Royalties
Konkola Copper Mines should pay the Government a royalty on the gross revenue of minerals produced in the mining areas...
Stabilization
The Government undertakes that, during the stability period, it shall not make any changes to the legislation or regulations governing...
State agency, national company or ministry executing the document
Minister of Mines and Minerals Development and the Minister of Finance
Withholding tax
Konkola Copper Mines should pay withholding tax on dividends, royalties and management fees to shareholders or affiliates at a rate...
Country
Zambia
Signature Year
2000
Resource
Copper
Type of Contract
Concession Agreement
Open Contracting Identifier
ocds-591adf-6429175624
Disclosure Mode
leejones.tk
See Legislation in African Mining Legislation Atlas
Konkola Copper Mines PLC, Konkola Division-Nchanga Division-Nampundwe Division, Concession, 2004
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