Zambian Parliament To Receive Minerals Law Proposal By Year’s End

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Written by Makula Dunbar

Written by Matthew Hill | From Bloomberg Businessweek

Zambia’s mines minister plans to present a revised minerals law to lawmakers by the end of the year, even after parliament was adjourned following the death of President Michael Sata.

“I’m pushing, that is my deadline,” Christopher Yaluma said by phone today from Lusaka, the capital of Africa’s second-biggest copper producer.

Yaluma missed an earlier target of presenting the bill to legislators during the previous parliamentary session because of changes the Justice Ministry suggested to legal wording. The mines ministry has “cleaned up” the document, he said. Companies including Glencore Plc (GLEN) and First Quantum Minerals Ltd. (FM) have operations in the country.

The revised mining law will provide for greater involvement by Zambians in the industry, Yaluma said in April, without giving further details. Parliament was adjourned on Oct. 29 until further notice after Sata died in a hospital in London.

Read more at Bloomberg Businessweek