Zambian Govt and Mining Companies Seek Resolution Over Proposed Mineral Rights Legislation
Zambian mining companies have engaged in discussions with the government to address concerns over a proposed legal amendment that could grant the state a larger share of the country’s mineral resources. The draft legislation, currently under consideration in Zambia’s parliament, would allow the government to “acquire mining rights for investment.” This would enable the state to purchase a stake in a mining area before an exploration license is issued and retain ownership after a discovery is made and the site is developed. The Zambia Chamber of Mines, whose members include…
Read More Here