Webber Wentzel's Mining Sector Round Up 2024

Geological Bill

• Bill provides for geological survey, mapping and exploration of minerals. • Section 7 - empowers the Director of Geological Survey to, inter alia, to undertake, develop and compile geo scientific research and technological development, develop comprehensive and integrated geo-scientific database. • Section 9 - Director of Artisanal and Small-Scale Mining is required to promote artisanal and small scale mining sector and collaborate with Commission on aspects of mapping the sector. • Section 10 - Director of Mineral Investment Promotion and Local Content is required to develop policies for promoting and identifying potential investors, develop and execute investment awareness programs and strategies in mining sector and consult stakeholders in development of incentives targeted at investment attraction.

Section 11 of the Geological Bill provides for local content requirements. Licensees required to give preference to local products, contractors, suppliers or service providers, employment of citizens and undertake transfer of technical and managerial skills to citizens. Approximately 50% of Zambia has been mapped and government intends to undertake high-resolution aerial surveys in Copperbelt, Lusaka, North western, Southern, Western and Central Provinces in 2024. Thus, the enactment of this new law, will facilitate effective mapping which will benefit investors as they are likely to benefit from detailed geological data, which helps in assessing potential mineral deposits.

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