By KETRA KALUNGAFOREIGN investors should start from the scratch instead of eyeing already established mining companies, a mining expert has said.Mr Edward Simukonda has advised the government to put in place policies that would compel foreign investors in the mining sector to start from scratch to create employment and develop the nation and not for them to come into the country to eye existing mines.Mr. Simukonda said the government should ensure that foreign investors start from scratch and not invest in the already existing mines because this would not benefit the country in any way. He said in an interview that the government should instead mobilise resources and re-invest in the existing mines and not give them away to foreign investors whose aim has in most cases been to enrich themselves through externalization of profits.“Existing mines should seriously be considered for re-investment from government and not for us to be expecting other companies from outside […]
RE-INVEST IN EXISTING MINES, GOVT URGED-LET FOREIGN INVESTORS START FROM SCRATCH
