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Yaluma Says Zambia Not Benefitting Enough from Mines

Zambian Minister of Mines Christopher Yaluma gave an interview with CNBC Africa on the sidelines of the ZIMEC 2014 conference in Lusaka, commenting that while Zambia has abundant resources, he is not certain whether the management of the mines is allowing Zambians to benefit from the activity.

The minister’s comments come at a moment of great uncertainty in the mining sector, as a number of operators have put their investments on hold (FQM recently announced that it would hold back from investing $1 billion in Zambia), while there have been calls for government intervention against Vedanta on KCM.

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