The Copperbelt Trade and Development Forum -CTDF-is calling for the immediate enactment of the Zambia Extractive Industries Transparency Initiative -ZEITI-bill to ensure proper management of the country’s mineral resources, particularly in the artisanal and small-scale mining sector.
In an interview with Phoenix News, CTDF Executive Director Vincent Lengwe says the ZEITI bill will address the issue of community beneficiation, and help enhance advocacy for transparency and accountability in the management of mineral revenues.
Mr Lengwe is of the view that once formalized; the law could significantly contribute to Zambia’s economy but needs clear guidelines to ensure that local communities benefit from the country’s mineral wealth.
Meanwhile, Mr Lengwe has commended government’s proposed formalization of the Artisanal and Small Scale Mining-ASM sector, which includes the creation of an ASM directorate and the establishment of a fund to support small-scale miners.
Mr Lengwe is however concerned over the lack of clear mechanisms for community beneficiation, stressing the need for intergenerational equity in resource management.
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