Investors in the mining sector urged to put interests of Zambians first
Written by newsroom on May 4, 2021
Stakeholders in the mining sector have called on investors who are interested in partnering with Zambian mining firms to ensure the interests of Zambians are put first and that their activities are conducted within the confines of the law.
London based mining investor Vedanta Resources has pledged to play a pivotal role in Konkola Copper Mines KCM future through an investment of $1.5 billion as well as new community infrastructure and programmes and committing to paying outstanding dues to suppliers and improved working conditions.
Speaking on the Mining Magazine programme on Flava FM Radio this morning, Association of Mine Suppliers and Contractors President, Augustine Mubanga said it is hard to overwrite Vedanta’s past failures and the only way it can restore confidence about its plans for recovery with the mine, is to ensure that the money it has pledged to invest is readily available.
Mr. Mubanga adds that the other alternative to convince the Zambian people that the intentions of the investor are genuine is that all mine suppliers and contractors who operated under KCM are paid their outstanding arrears.
He states that there is need for Government to level the mining playing filed in order to guarantee equal participation in the sector.
Speaking on the same programme, Mine Workers Union of Zambia President Joseph Chewe, said the only investor that would be welcome is one that is committed to developing the mine and community by spurring industrialization and enhancing manufacturing.
He adds that an investment that ensures that the welfare of employees are prioritized will be welcome.