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Chinese mining companies in Zambia start paying taxes in yuan
By Matthew Hill and Taonga Mitimingi
Bloomberg News
Wednesday, December 31, 2025
Chinese mine operators in Zambia have started paying royalties and taxes in yuan in Africa's second-biggest copper producer, the latest sign of the growing acceptance of the currency on the continent.
Payments using the Chinese unit began in October, the Bank of Zambia said in reply to emailed questions today. The Zambian authorities are the first in Africa to confirm they are accepting mining-tax payments in renminbi.
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Blue Lagoon Sells to Ocean Partners Nearly C$1 Million
of Gold and Silver from Dome Mountain's Initial Production
Company Announcement
Tuesday, December 30, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) has made its first sale of gold and silver to Ocean Partners UK Ltd. from the Dome Mountain mineralized material that was delivered this month to the company's milling partner, Nicola Mining Inc., for processing.
The company expects to receive C$970,000 in connection with this delivery, representing its first sale related to production from Dome Mountain.
The payment represents an advance on the first shipment of approximately 1,000 tonnes of mineralized material delivered to Nicola, as processing has not yet occurred due to scheduled mill maintenance. ...
... For the remainder of the announcement:
https://bluelagoonresources.com/wp-content/uploads/2025/12/Blue-Lagoon-Resources_Dec-30.pdf
Africa is emerging as a key arena in Beijing's efforts to internationalize the yuan, especially in nations that are heavily indebted to it. Kenya this year converted dollar loans it owed to China into yuan-denominated debt, Ethiopia began talks to do the same, and Zambia said it would consider following suit. ...
... For the remainder of the report:
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