Wednesday, 9 November 2011

mine and minerals expert calls on local mine explorers to be innovative

a mine and minerals expert dr. sixtus mulenga who is also tranter zambia chief executive officer has called on the local mine explorers to be innovative in order to benefit from the mineral explorations in their areas.
speaking in an interview with radio phoenix at the extractive industry transparency initiative conference in lusaka yesterday dr. mulenga, said there is need for companies to also develop an open book policy which will create a mutual relationship between the companies and the local people.
meanwhile dr mulenga has disclosed that tranter zambia limited which is exploring mineral resources in luapula has so far spent about 2 million dollars since 2006.
he says at the moment tranter is in the process of starting a massive diamond drilling programme and later move to bankable feasibility study which will generate how much the company will invest in the new mine.
dr mulenga has stated that at the moment, the company cannot state how much it will invest into the new mine but will wait for a bankable study and this will take some time.
and former mines and minerals development ministry permanent secretary dr goodwin beene has pointed out that zambia needs a good fiscal regime in mining which will not scare away investors but keep them coming into the country and invest more.
dr beene stressed that the country should not antagonize investors by bringing harsh mining tax regimes which will chase them away.
the extractive industry transparency initiative being held in lusaka at the taj pamodzi hotel has attracted civil society organizations, faith based organizations from 14 sadc and great lakes region member countries.

No comments:

Post a comment