Business

Chinese firm ‘finds’ diamonds in Mbala

KELVIN CHONGO, Mbala
A CHINESE company exploring for diamonds in Mbala has made headways in its gem search, a mining expert has said.
Dr Mathias Mphande, a mining engineer and former University of Zambia dean in the School of Mines, said in an interview that Mbala would soon become a diamond mining town following indications of high grade deposits.
“The Chinese company exploring for diamonds has found samples that indicate that Zambia has high grade diamonds in comparison to that of South African diamond mines,” he said.
He urged Government to ensure that the law is worked out on time to enable investors to come and invest in the diamond mines in the northern circuit.
Dr Mphande is optimistic that Government will move in to ensure mines are opened up in the area.
He, however, cautioned Government to scrutinise interested investors to avoid companies that pull out when opposed to certain policies as experienced in North-Western and Copperbelt provinces.
“Investors in the new diamond mines to be opened must be told of their need to pay all required taxes including the mineral royalty tax,” he said.

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