Message Lun 29 Juin 2015 13:20

Govt keen on mutual benefits

Mines minister Christopher Yaluma says unless local communities see the benefits from mining it will be difficult for mining projects to operate smoothly.

Mr Yaluma said this in London on Monday at the Zambia mining investment forum which has attracted Chief Executives from international mining firms.

He said the PF government is keen on having a conducive mining tax and regulation that benefits both investors and the people.

And ZCCM-IH Chief Executive officer Pius Kasolo urged investors to get ready to buy shares in ZCCM.

He further noted that about 17 percent of ZCCM shares will be sold to Zambians so the government shareholding is reduced to 60 percent.

Meanwhile, first quantum minerals have commended government for revising its mining tax regime.

Government affairs manager, John Gladstone, says this has demonstrated government’s resolve to ensure economic stability.

Vendata chief executive officer and KCM chairman, Tom Albanese said Zambia offers not only mining opportunities but also has great agriculture and tourism investment opportunities .