Wed, 15 Feb 2017 10:37:48 +0000 By BUUMBA CHIMBULU POOR mining policy in Africa is hampering the search for new mining investment, says a partner at the global legal practice Herbert Smith Freehills, Peter Leon. Mr Leon said as a result the development cast a shadow over the continent’s longer-term economic growth. He was speaking at the annual Mining Indaba, the world’s largest mining investment conference, which was held in Cape Town, from 6-9 February 2017, where investors expressed concern over poorly thought-out mining policies that affected investment. Some of the countries mentioned as having unstable policies include Zambia, Ghana, South Africa and Tanzania. Speaking in a recent interview with Mining for Zambia, Mr Leon said because of poor policies certain exploration companies pulled out of Zambia, and many mining projects were abandoned or deferred, representing a potential investment value of “billions of dollars”. Mr Leon’s reference to Zambia related to the numerous […]
