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The Zambia Chamber of Mines (ZCM) says government’s decision to carry out its own aerial geological surveys will expedite primary exploration of unconventional and new areas.
ZCM Chief Executive Officer, Sokwani Chilembo, is of the view that this would improve Zambia’s attractiveness as already demonstrated by the country’s recently improved rankings in influential mining industry and continental risk surveys.
Chilembo said this in a statement issued on Monday in Lusaka, reacting to the 2024 national budget.
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He noted that Zambia had been covered in the 2022 Fraser Institute report after years of being omitted while the 2023 Oxford Economics and Control Risks Africa Risk Reward Index survey had found Zambia to be the continent’s most improved jurisdiction.
“China Non-Ferrous Mining Corporation recently announced US$1.6 Billion in investments in Zambia which adds to the big projects going on at First Quantum Minerals Kansanshi Mine, Barrick Lumwana Mine and KoBold Metals’ Mingomba tenement.
“When taken all together with these investments and the positive ratings agency review after the debt deal, confidence is clearly on the rise as the challenging journey to tripling production progresses,” Chilembo concluded.
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