August 21, 2017

Zambia introduces tighter quality screening of mineral exports

Reuters reports that Zambia has introduced equipment which will enable its revenue authority and other government agencies to independently verify the quality of mineral exports. This is a new development which has taken the country’s mining companies by surprise.

In a statement, Treasury Secretary, Fredson Yamba, says that Africa’s second-biggest copper producer has mainly depended on what mineral exporters say through self-declaration.

“In the modern age, good faith alone is not enough to guarantee that the government and the people of Zambia get their fair share of what is theirs,” Yamba says.

The new equipment, which will be deployed to border areas will also be used to verify the quality and quantity of minerals being moved from one mine to another, he explains.

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