The Canada-Africa-China Chamber of Business has commended Zambia for ensuring that there is consistency and stability in its mining laws, regulations and policies. 

Former president of the Chamber, Bruce Shapiro, says consistency in regulations and policies is vital in attracting sustainable and beneficial investments to any mining business. 

Mr Shapiro notes that this is because mining is a long term investment and any instability to the policies or regulations has potential to affect its plans, operations and financing strategies of investors.

He said this in an interview with ZANIS at the ongoing Prospectors and Developers Association of Canada (PDAC) mineral exploration mining convention being held in Toronto, Canada. 

“What Zambia has done is good, consistency in laws, regulations and policies is very key to attract good and beneficial investments in the mining world. Countries need to be organized, they can’t be changing rules, laws and regulations every 5 minutes and expect to attract substantial investments,” he stated. 

Mr Shapiro added that with demand for critical minerals to support the green energy transition, African countries should take advantage of platforms such as PDAC and consider engaging in partnerships that do not only concentrate on mineral exploration but also encourage sustainable development.

The Ministry of Mines and Minerals Development Permanent Secretary, Hapenga Kabeta, said Zambia will use its presence at PDAC to engage in discussions with potential investors, explorers and developers with intentions to invest in the country’s mining sector.

Dr Kabeta stated that PDAC is the World’s biggest mining conference with all global famous companies present, which gives Zambia an added advantage to share its unique mineral endowment story