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Zambia‘s Ministry of Mines and Mineral Development has hiked its mining licence fees in an effort to bring them in line with global mining licence fees.

According to Zambia‘s mines minister, Yamfwa Mukanga, fees for large-scale mining and change of control licences have been increased from 18 000 kwacha (R29 925) to 28 000 kwacha as of this month. “We want to ensure that only serious investors get these licences,” he said.

The increase could also see a discouragement among investors seeking to acquire land in Africa.

Zambia, which boasts large copper-rich reserves in the Copperbelt Province, is Africa’s largest copper producer and has other minerals such as gemstones.

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