MINISTER OF MINES AND MINERALS DEVELOPMENT 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.
This brochure 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 copper mining.
In welcoming 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.