ZAMBIA’S proposed minerals regulation law could deter investment and deliver a “fatal blow” to plans to raise annual copper output to three million tons, two mining bodies said yesterday.
Government has proposed a new Minerals Regulation Commission Bill, which seeks to “regulate and monitor the development and management of mineral resources” in Africa’s second-biggest copper producer.
But Zambia’s Chamber of Mines (ZCM), the main mining industry body, and the Association of Zambian Mineral Exploration Companies (AZMEC) said in a joint statement some parts of the proposed law “will drive up the perception of investment risk in Zambia CLICK HERE TO READ MORE
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