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MINING EXPERT CALLS FOR STABLE MINING POLICIES

By NAMO PHIRI

GOVERNMENT needs to come up with stable mining policies if the country is to benefit from the mining sector, mining expert, Danny Mwila, has said 

Mr Mwila said in an interview that stable policies in the sector would help to attract investment and copper production would be boosted.

He said the stable policies must be long term to attract investors and also help boost their confidence.

“One of the things needed to boost copper production is to have stable mining policies that will then attract more people to invest in the sector because mining is a long term business,” said Mr Mwila.

He also commended Government for making mineral royalty deductible because this would give investors time to plan and do exploration.

Mr Mwila said mining was an undertaking that needed one to have enough time to do exploration before embarking on actual activities.

He said the decision to reduce mineral royalties also has potential to increase investment in the mining sector because the investors would have enough time to put up measures for them to realise profits.

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