Zambia's proposed mining law bad for investment, miners say

7/8/2024 18:52

        Zambia's proposed minerals regulation law could deter investment and deliver a "fatal blow" to plans to raise annual copper output to 3 million tons, two mining bodies said on Wednesday.
        
        Zambia's government has proposed a new Minerals Regulation Commission Bill, which seeks to "regulate and monitor the development and management of mineral resources" in Africa's second-biggest copper producer.
        
        But Zambia's Chamber of Mines (ZCM), the main mining industry body, and the Association of Zambian Mineral Exploration Companies (AZMEC) said in a joint statement some parts of the proposed law "will drive up the perception of investment risk in Zambia".