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The Government of Zambia announced plans to repeal the Mines and Minerals Development Act No. 11 of 2015, in order to establish the Minerals Regulation Commission and put in place a legal framework to guide geological mapping and mineral resource exploration.
The Government of Zambia announced plans to repeal the Mines and Minerals Development Act No. 11 of 2015, in order to establish the Minerals Regulation Commission and put in place a legal framework to guide geological mapping and mineral resource exploration.
The current Legislation is inadequate in dealing with many issues related to the increase in illegal mining activities, environmental degradation, and poor occupational health and safety standards. Unsustainable exploration and mining methods, as well as loss of Government revenue including low investment in geological mapping and mineral resource exploration to stimulate capital inflows in the mining sector The proposed legislation will make the mining industry responsive to modern-day demands.
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It is in the interest of the Government to establish an effective and responsive institution to regulate the mining sector, as well as put in place a legal framework that will stimulate investment in geological mapping and mineral exploration as well as enhance the Government’s participation in mineral resource development to leverage from the opportunities in the mining sector.
