“THE revised mines and minerals Act will guarantee participation of Zambians in mining”, says mines minister Christopher Yaluma. Yamula plans to present the revised law to Parliament, which resumes its sitting today.“We have concluded everything and it will be tabled before Parliament,” he said.
The revised law was due to be presented to Parliament before the end of last year after the Ministry of Justice suggested changes to legal wording, but the death of president Michael Sata caused caused some delay.
Parliament was adjourned on October 29 after Sata’s death and only resumed sittings on November 12, a day after his burial.But Yaluma could not push the law to be tabled.The revised mining law would provide for greater involvement by Zambians in the mining industry.
The law would also empower the minister to revoke a licence from a defaulting mine.Zambia is reviewing the mining law to streamline processes, not only to create frameworks for regional and national policies regarding value addition to minerals, but also to increase the government’s share in the benefits of mineral exploitation.Mining companies have been accused of not making a fair contribution in taxes to Zambia, forcing the country to miss out on more economic and social benefits from its mineral resources