By 
Zambia’s Mines and Mineral Development Minister Paul Kabuswe says it is time for Africa to take action and focus on mineral exploration.
Kabuswe said Africa should focus on mineral exploration rather than wasting time on negotiations.
He said at the Ministerial symposium at the Investing in African Mining Indaba in Cape Town, South Africa that Africa had massive mineral resources that need to be mined and it was time to take action.
“We need to stop wasting time on the negotiating table. Africa has a lot of minerals that need to be mined. The continent risks loosing out if we delay in mining the minerals,” Kabuswe said on Sunday in a statement.
He said Zambia was leveraging its vast mineral wealth to spur economic transformation.
Kabuswe said Zambia had partnered with the Democratic Republic of Congo (DRC) to develop the Battery Electric Vehicle (BEV) manufacturing plant, which he said was one of the initiatives the government was promoting under the Public Private Partnership.
He said there was also need for a mutual respect between the investors and the countries with minerals for the benefit of the continent.
Kabuswe is also expected to hold bilateral meetings during the Investing in Africa Mining Indaba.
On Monday, Finance and National Planning Minister Situmbeko Musokotwane is expected to be part of the meeting in Cape Town.
In attendance are officials from State House, Ministry of Mines and Mineral Development, Ministry of Commerce, Trade and industry, Zambia Development Agency (ZDA), ZCCM-Investment Holdings and the Zambian High Commission in South Africa, as well as Zambia National Commercial Bank and Stanbic Bank Zambia.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments