ZCM calls for third party funding to mining firms
Published On August 11, 2022 » 975 Views» By Times Reporter » Business, Stories
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. Chilembo

By JAMES KUNDA-
THE Zambia Chamber of Mines (ZCM) has called for third party funding to help mining companies leverage on capital financing for new and expansion projects.
And the Chamber has also expressed concern that the country’s mining sector investment risk currently stands at 16 per cent, while that of competing countries like Botswana, currently stands at two per cent.
ZCM chief executive officer Sokwani Chilembo, said financing was key to prop up the sector as a lot of mineral resources remained untapped due to inadequate funds to conduct explorations.
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