“By Etambuyu Katota -Mines and Minerals Development Minister Richard Musukwa says volume of imported concentrates has reduced significantly.
Mr. Musukwa says in order to facilitate the smooth flow of oils and concentrates in the country, government is promoting local production of the materials as a strategy.
He says both KCM and Mopani mines smelters have resumed operations after their respective shutdowns for maintenance.
Mr. Musukwa says the smelters KCM and Mopani were shut down due to operational challenges and technical failures respectively.
He says to enhance benefits from the mining sector government is promoting more participation of Zambians in the mineral value chain.
Mr. Musukwa says a local content strategy has been developed which has identified opportunities for creating domestic linkages for locals in the mining sector.
He has explained that there are various factors that have contributed towards the loss of revenue and not only entirely on the five percent revenue on imported concentrates.
Mr. Musukwa says the five percent was effected because several mining entities abandoned putting in resources for development and government was relaying only on materials imported which was causing stress on the development of mining within the country.
He says the measure was however not deriving the benefits it was intended for and for that reason the ministry is working with ministry of finance and various entities to look at how best the ministry of finance can provide a relief.
Mr. Musukwa was responding to a question from Serenje Member of Parliament Maxwell Kabanda during the questions for oral answer session in parliament.
The post “Concentrate Imports Drop” appeared first on .