The Zambia Chamber of Mines has welcomed the changes to the new 2015 Mines and Minerals Development Amendment Act which was passed by parliament on Friday last week.
Chamber of Mines President Nathan Chishimba maintains that the question of having an equitable fiscal regime that promotes the competitiveness of Zambia’s mining sector is not a zero sum choice between Government on the one hand and the mining industry on the other.
He has also noted that the Government’s decision marks a significant shift in outlook towards the sector and can only be of benefit to the industry and the economy in the longer term.
Mr Chishimba, however, says given the intense competition faced by the country from other mining jurisdictions in the world, more needs to be done to ensure long-term competitiveness and renewed investment key to securing growth in the mining sector.
He says the Chamber of Commerce believes the prevailing low price environment continues to present significant challenges for the mining sector over the short to medium term.
This is contained in a statement issued to MUVI TV NEWS by Zambia Chamber of Mines Communications Manager Talent Ng’andwe.
