By OLIVER SAMBOKOPRESIDENT Edgar Lungu says Government will systematically build on the country’s potential Gold reserves to grow the Economy. He said the Economic Recovery Programme (ERP) was going to provide a way to capitalize on the high mineral commodity prices to harness that potential for the benefit of the country. Government, he said, must assume a significant stake in some selected mine assets so that the country can create sufficient value for the nation and also a means of comparing such mines with private sector owned mines.“Owning a stake in some strategic mines will give Government the leverage required to utilize the defined mineral resources to benefit the nation beyond taxes,” he said.President Lungu said Government decision to assume stake in some selected mines was not meant to nationalize mines in the country.The head of state also observed that while the current Mines have supported generation of large-scale mining activities, there is need for investment […]
GOLD RESERVES TO GROW ECONOMY – LUNGU
