Mining expert Edward Simukonda has welcomed government’s decision to mandate the Zambia Consolidated Copper Mines Investment Holdings Plc (ZCCM-IH) to formalize the gold sector.
Recently, ZCCM-IH announced that government had officially tasked it with taking the lead in formalizing, developing, and transforming the gold industry in Zambia.
Speaking in an interview with RCV News in Lusaka today, Mr. Simukonda commended the move, saying it will bring order to the sector by preventing foreign dominance and promoting local investment, which will contribute to the country’s Gross Domestic Product (GDP).
“This shows that Zambians are now taking control of what belongs to them and such a move will also create jobs for locals, helping to reduce unemployment in the country,” said Mr. Simukonda.
He added that the initiative was long overdue, questioning why it took so long for government to act, as it could have helped prevent illegal mining activities that have claimed lives.
Mr. Simukonda urged government to “walk the talk” by ensuring the measure is fully implemented.
By Christabel Kamunu.
