Government says it will continue to create an enabling environment aimed at generating mutual benefits for investors and Zambia.
Minister of Mines and Minerals Development, Hon. Richard Musukwa says for mutual benefits to be attained, investors need to comply with the law and it was government’s duty to make it easy and possible for investors to put money into the country.
Hon. Musukwa emphasized that the Mining sector will continue being private sector driven that improves the lives of workers, Zambians at large and profits for investors.
The Mines Minister was speaking in Chililabombwe on the Copperbelt during a meeting with Lubambe Mine Chief Executive Officer NICK BOWEN.
Hon. Musukwa stated that the issue of Konkola Copper Mines (KCM) was an isolated case which was largely triggered by the investor’s failure to comply with conditions set out in the license.
He added that KCM was bleeding before the liquidator came in and Government’s decision was done in the best interest of the Mine and the workers.
He re-affirmed Government’s position of not allowing investors to take advantage of millions of Zambians.
And Mr. Bowen expressed happiness with Government’s decision to dialogue with Mining houses on challenges that the sector was facing.
He projected an increase in the production of Copper and that the mine had not recorded any accident this year.
Mr. Bowen added Lubambe will continue working with Government on key issues surrounding the Mine in the best interest of Zambians.
This is contained in a statement availed to Smart Eagles by ministry of mines and minerals development’s public relations officer Lucy Shawa .