Dr. James Musonda, a social anthropologist, is urging the Zambian government to take action regarding the country’s gold mining industry. He suggests that the government either invest in large-scale gold mining to boost the stagnant sub-sector or list the gold mines on the Lusaka stock exchange, allowing Zambians to invest in them. This move could potentially bring new opportunities and growth to the industry and the country’s economy.
Experts are urging the Zambian government to list its gold mines on the Lusaka Stock Exchange in order to bring transparency to the mining sector. Dr. Musonda, a prominent voice in the industry, argues that a country with valuable minerals like gold, manganese, emeralds, and uranium should not rely on borrowing to sustain its economy. By generating revenue through the stock exchange, Zambia can take control of its own economic future and ensure a more stable financial outlook.
Experts are urging the Zambian government to list its gold mines on the Lusaka Stock Exchange in order to enhance the mining of all minerals in the country. Currently, the focus is primarily on copper mining, which is not as beneficial due to tax incentives and breaks, despite the high prices it fetches on the international market. By diversifying and listing gold mines, Zambia could potentially see greater economic benefits from its mineral resources.
Experts are urging the Zambian government to list its gold mines on the Lusaka Stock Exchange in order to generate revenue and pay off the country’s debt. Despite the potential for large-scale mining of minerals like gold and manganese, the government has yet to fully embrace this opportunity. Dr. Musonda is calling on the government to be transparent about the challenges hindering the mining industry and to take action to unlock the potential of these valuable resources. With the right investments and policies, Zambia could become self-sustaining and prosperous.
In an effort to boost formalization and growth in the gold sector, experts are urging the Zambian government to list its gold mines on the Lusaka Stock Exchange. The Zambia Gold Company (ZGC) has been tasked with driving this initiative, with a shareholding of 51% held by the Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and the Ministry of Finance holding the remaining 49%. Through gold mining, processing, and refining, the ZGC aims to promote the development of the gold industry in Zambia.
