News

State lifts suspension on mining rights

LINDA NYONDO, Lusaka
GOVERNMENT has with immediate effect lifted the suspension on the issuance, renewal and transfer of mining and non-mining rights.
Minister of Mines and Minerals Development Christopher Yaluma said at a press briefing in Lusaka yesterday that the suspension on the issuance of mining and non-mining rights was necessitated by the need to align the general regulations and procedures in the administration of mining rights with the Mines and Minerals Act No. 11 of 2015 which came into effect in July 2015.
“I wish to declare that the resumption of the issuance, renewal and transfer of mining rights and non-mining rights is with effect from Monday, February 8, 2016 at 09:00 hours,’’ Mr Yaluma said.
The minister said the Mines and Minerals Development General Regulations of 2016 are completed and are law as per Statutory Instrument No. 7 of 2016.
He said mineral and other natural resources will play a role in the economics of the nation now and in future.
Mr Yaluma said minerals have the potential to impact positively on the country’s economy.
He said Government has been able to formulate progressive legal and regulatory frameworks sensitive to the continually changing needs of a growing economy.
Mr Yaluma said the current Mines and Minerals Act aided by the Mines and Minerals Development General Regulations of 2016 will attract investment in mineral exploration .


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