Mines and Minerals (Amendment) Act, 1998 (No. 8 of 1998).

Section sixty-six of the principal Act is amended in subsection (1) by the deletion of the words" at the rate of three per C centum" and the substitution therefore of " at the rate of two per, centum". The Third Schedule to the principal Act is amended in, paragraph 5 by the deletion of the proviso to sub-paragraph (1) and the substitution therefore of: (i) The amount of tax which would otherwise be payable by such person in that charge year is not reduced by more than twenty percentum as a result of this deduction; (ii) Item (i) of this proviso shall not apply to any former Zambia Consolidated Copper Mining Company; and (iii) in this proviso "former Zambia Consolidated Copper Mining Company" means any part or division of the Zambia Consolidated Copper Mining Company sold under the Privatization Act. Section 66 concerns royalties on production of large-scale mining licence.