The Zambian government has released new tax regulations aimed at enhancing transparency with regard to the declarations made by mining companies in Zambia.

According to Mines Minister mining companies would now be required to provide information on tonnages, type and grade of ore mined, quantities and the end product.

In addition mining companies would also be required to submit annual reports on the recovery percentages and efficiency of all mining and metallurgical processes.

Mining companies will also be compelled to provide details of the quantities of minerals sold and their average selling price.