*YALUMA MARKETS ZAMBIA AT MINING INDABA*
Christopher Yaluma addressing 2017 Mining Indaba in Cape Town, South Africa
By H.E. Emmanuel Mwamba, Zambia’s High Commissioner to South Africa
CAPETOWN-7th February 2017
Minister of Mines Christopher Yaluma says Zambia remainedone of the best investment destination in the World.
Speaking when he gave a key note speech to market Zambia’s potential in the Mining and other sectors at the Indaba mining, Hon Yaluma said Zambia’s peace and stability and a well developed Rule of Law, remained attractive features for investors.
The Mining Indaba is the largest gathering of financiers, investors, lawyers and mining professionals in African mining.
Mr. Yaluma said government had developed a mining policy and laws that sought to increase and drive private sector investment to develop the mining sector.
The Zambian Mines Minister also said the stable policy environment sought to increase participation of Zambians in the mining sector as owners, suppliers and skilled managers and employees.
Yaluma said the good and stable policy environment would spur industrial growth and foster the local manufacturing sectors hat has stagnated.
The Zambian Patriotic Front (PF) Government led by President Edgar Chagwa Lungu is seeking mining to be done in an environmentally fair manner,” explained Yaluma.
Mines Minister Christopher Yaluma at 2017 Capte Town Mining Indaba
Yaluma also took time to give a landscape tour of the mining sector on Zambia.
Emmanuel Mwamba with President Lungu
“Zambia’s economy would be driven by sectors such Agriculture, Tourism and Trade and government was optimistic that Zambia would achieve its Vision 2030. The new mining act, was aimed at fostering a responsible management of natural resources. The mining sector presented a vibrant opportunity for Zambia to achieve the Vision 2030. Zambia would become a prosperous middle income country by 2030,” bragged Yaluma.
Dambisa Moyo, economist, renowned author with Zambia’s envoy to South Africa Emmanuel Mwamba
The Zambian Minies Minister informed the Indaba that the Oil & Gas sector remained untapped and hoped that a breakthrough would emerge from the blocks that government had given for exploration.
“Aerial oil and gas. survey and exploration was underway and the picture was looking good. Zambia continues to enjoy a favourable investment climate as seen by recent investments to develop new mines,” boasted Yaluma.
Yaluma assured investors that government would resolve the energy deficit that affected recent industrial activities in the sectors such such as mining and agriculture by investing in new electricity generation projects.
