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CALL FOR MINING INDABA, CHAMBER OF MINES PRODS GOVT.

THE Zambia Chamber of Mines has called on government to institute a national indaba in the mining sector to find a ways of enhancing its performance.

Speaking in an interview with ZANIS, Chamber of Mines Chief Executive Director Sokoni Chilembo said the Chamber expects government to give a signal of how the economic performance of the mining sector will look like in the few coming years.

He said this could be done through interventions such as institution of a national indaba in order to revamp its performance.

“Government has to work out modalities that will ensure that the mining sector is boosted amidst the COVID-19 pandemic, I believe we are not the only country that is doing it, South Africa, Namibia, is doing it as something key to structure our way out of this covid-19,” Mr Chilembo said.

And Mr Chilembo said the chamber of mines expects the Minister of Finance to give various tax relief to the mining sectors as he presents the budget tomorrow.

He cited tax relieves such as withdraw of mineral royalty to lower the cost of production and also a reduction of duty on capital equipment coming into the country to enable the sector to grow.

He further explained that the chamber also expects removal of duties on export of ores and concentrates leaving the country.

The Mining sector has this year recorded a significant reduction in production and the reduction has been attributed mainly to the COVID-19 pandemic.

The country has seen the general drop in the economic performance coupled with falling copper prices on the international market.

Finance Minister Bwalya Ng’andu is today expected to present to Parliament the proposed National Budget for 2021 amid various expectation from different stakeholders.

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Written by Felix Nkinke

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