SAIMM ZAMBIAN BRANCH TECHNICAL PRESENTATIONS. INTEGRATED MINING INDUSTRY DEVELOPMENT DR SIXTUS C MULENGA CHIEF EXECUTIVE OFFICER – TRANTER ZAMBIA LTD CHAIRMAN - SAIMM ZAMBIA BRANCH 25 NOVEMBER 2009 CHINGOLA – ZAMBIA. INTEGRATED MINING INDUSTRY DEVELOPMENT – ZAMBIA. Introduction
INTEGRATED MINING INDUSTRY DEVELOPMENT
DR SIXTUS C MULENGA
CHIEF EXECUTIVE OFFICER – TRANTER ZAMBIA LTD
CHAIRMAN - SAIMM ZAMBIA BRANCH
25 NOVEMBER 2009
CHINGOLA – ZAMBIA
Zambia can achieve its National Vision 2030 through integrated mine development as this encapsulates the key aspects of sustainable development.
The Key Pillars should be:
To create an investor friendly, enabling environment and framework for achieving sustainable national economic development
Local entrepreneurs should invest in mining industry so that they become anchors of long term growth of the industry.
These are essential to have as they bring international players in the economy. They have large capacity for investment and technology transfer.
Essential to provide the materials required for national growth and maximise returns on national mineral resource exploitation.
The country requires both foreign direct and domestic investment respectively. The country has a low domestic investment portfolio and hence the much needed drive to attract foreign direct investment (FDI). New investment will continue to come to Zambia as long as the country maintains globally competitive incentive regime. For example, the Zambia Development Agency (ZDA) incentive package has generated a significant flow of investment into the country to-date.
Energy is a lifeblood of any industry. In Zambia, mining industry is the major consumer of energy. To achieve the goals of integrated mine development, given the global ever souring oil prices as well as the energy deficits being experienced, the mining industry should be a major player in the development of alternative energy sources, such as coal and natural gas.
Mining industry by necessity demands an elaborate infrastructural setting of transport network, power network, housing, telecoms, social services such as health and education, in order to operate efficiently. This infrastructure although initially developed for the mining industry becomes a catalyst for the development and growth of the local area and the nation at large.
In order to achieve sustainable development, the following conditions are essential:
Peace and stability is essential for sustainable development, as it provides security of investment. Zambia has been a haven of peace in the region since it came to being.
An enabling investment environment is essential for attracting foreign direct investment. Good governance with transparency energises the economy.
New mines can only be developed if economic minerals resources are identified. This requires huge investment in mineral exploration and an open and transparent system for allocation of exploration rights.
Mineral exploration being a high risk venture requires global competitive incentives to attract investment in the sector.
A new cadastral system has been established under the New Mines and Minerals Act which aims at promoting exploitation of diverse minerals other than soley depending on copper.
Sustainable development can only be achieved if there is a solid base and an ever adaptive human resource base.
Mining industry being one of the major employers has a major role to play in the development of skills in the country, as exemplified by historical performance.
Over the years, the Zambian mining industry has contributed greatly to human resource development through mainly universities and higher learning institutions scholarships and on-the-job training programmes respectively.
Zambia’s mining industry is on the right track and will be a great contributor to the achievement of the National Vision 2030. Zambia shall become a prosperous middle income nation.