Syamukayumbu K. Syamujaye (Dr.), MP
MINISTER OF MINES
AND MINERALS DEVELOPMENT
Z A M B I
Republic of Zambia
IN THE MINING INDUSTRY
[In the orderable
hard copies of the Zambian Mining Information documents, the
Minister makes the following statement:]
Zambia is endowed
with substantial mineral resources. However, the major metal,
which has been exploited for nearly a century, is copper. Since
the establishment of Zambia as a nation, copper has been, and
still is, the single largest contributor to the Zambian economy.
Depressed copper prices on the international market, plus the
under-capitalisation of our copper mines, have resulted in severe
constraints on our economy.
To address this
problem and in order to ensure that the mining industry continues
to play a crucial role in national development, my government
took very bold steps. A new Mining Act was put in place in 1995.
The main features of the Act are: the divestiture of government
from the business of mining through privatisation of the mines;
the liberalisation of the fiscal policy; and the provision of
several tax concessions to mining companies.
and the supporting "Technical Reference" illustrate
the great mineral potential that exists in Zambia. The documents
are produced to provide the investor with detailed information
on Zambia as a mining investment destination. Furthermore, the
significance of these documents is that they demonstate the wide
range of opportunities in mining in our country in addition to
you, the users of this brochure, especially the investors, I
wish to encourage you to make full use of the wide range of services
available in the Ministry of Mines and Minerals Development.
Please do not hesitate to call me personally should you desire.