Government has revealed that it will continue to support Kagem and the entire mining sector in creating a conducive business environment.
Speaking at the opening of Kagem’s auction of high grade rough emeralds today, Minister of Mines Energy and Water Development, Christopher Yaluma said “the continued auctioning of emeralds in Zambia has demonstrated that Zambia is becoming a renowned emerald producer and trading centre”.
The auctioning of emeralds locally by Kagem commenced following a directive by the late President who was keen in seeing benefits from gemstones.
Yaluma said that Kagem should continue establishing a trading system for gemstones that will benefit the organization and the people of Zambia as was the wish of the late President.
“I wish to reiterate the Patriotic front’s desire to have an efficient and transparent trading system for gemstones established in Zambia. I believe that Kagem will work with government to see to it that this is done as soon as possible,” Yaluma said.
He expressed that as government they look forward to a day when these auctions will not only be for emeralds but other gemstones produced in the country as well.
“Governments plan is to have a vibrant gemstone sector and will therefore not introduce measures that will be detrimental to its growth. Government will continue to work with the industry in order to establish a gemstone trading system that will benefit all the parties involved,” he revealed.
Government is committed to maintaining a conducive business environment for the continued growth of the mining sector.