Finance Minister Felix Mutati said there is need for the country to have stable policies that will help it achieve its macro-economic plans that will in turn steer the long term development plans.
‘’The long term outlook for the mining sector is positive. There is still hope in the mining industry. Stability in the mining industry and the policy will drive the long term positive outlook for the sector. ’’ Mr Mutati said.
ZANIS reports that the Finance Minister was speaking during an engagement with the chamber of mines in Kitwe today.
Mr Mutati said to solve the economic challenges the mining sector is facing there is need for government and the mining firms to collaborate to achieve macro stability.
The Minister observed that holding quarterly meetings with the mining sector will help evaluate the sectors performance and avoid shocks.
Mr Mutati said during the quarterly meetings, government will ensure to promote dialogue, transparency, and innovation and set clear bench marks to help the country benefit from the sector.
‘’Let us put our figures on the table. We should not have two parallel balance sheets but one balance sheet that will help our people. If we don’t dialogue it will led to suspension making the Zambian people doubtful’’ he said.
Meanwhile Chamber of Mines President Nathan Chishimba said over 13 billion US dollars has been invested in the mining industry in the past fifteen years by various players.
Mr Chishimba pointed out that that huge investments were injected in Luwana, Konkola, Kalumbila, Kansanshi, Mopani Copper Mines and Lubambe mines.
Mr Chishimba is optimistic that the future of the mining industry is bright because the country currently holds one point two metric tonnes of copper ore in its reserves.
Look iwe mutations. We are tired of you telling us what we already know needs to happen. Can you tell us exactly what your plans are. You are fitting in well within pf because Just like your president you are chimbwi no plan. No vision . All hot air from the backside.
Seeing is believing.
We know this already.
Predictable – corruption on a massive scale.
Predictable – appointment of incompetent Ministers like yourself.
Predictable – more borrowing to provide money to steal as GRZ is already broke due to no financial discipline and Lungus New York parties.
Stable – yes. Load shredding to continue until 2021.
Stable – Kwacha getting worthless by the day.
STABLE – Leslie meal will continue to be unaffordable for most Zambians.
Yes Mr Mutation, you are right ! Things are predictable and stable while this fake PF government thinks they are in charge.
Everybody sing along now, lalalala oooh ala twalibepwa kale……
I never liked the MMD economy, MMD’ Mutation and Maynard were good at bringing money in country, but usually end up in hands of likes of RB-sons Ltd, Liato takes share, Mutati use on women, Cheap Kapoko etc. Let’s wait and see if Edgar will be in charge of distributing that income.
Congratulations MMD!!
I support ECL But am wary of Mutati. He often sounds like somebody is controlling him. This time it’s the IMF whose policies will only make PF UNPOPULAR.
WHY CAN’T WE BE OUR OWN MASTERS.
TO HELL WITH THE IMF.
One point two metric tons is the amount of copper in reserve?
@ 1.6 Being your own masters has brought you here ..,..seeking IMF help!!!
Ba upnd r getting mo & mo jealous, mwandi. Lets sale these plans & implement. The country is in good hands
Vizafa nachikonko vi UPND
@Mj banda:
Chikonko cha ny.ko?? You rat and caterpillar eating chimp! What an Id,iot you are!!
LT, I beg you TO ACT! You really need to be serious with your POLICING of the stuff and INSULTS being splashed all over this site. I usually see you censoring comments that have only a resemblance of CRUDE LANGUAGE. Yet you allow such MIND BENDING VULGARITIES from !D!OTS like @Chilyata. Isn’t your so called POLICY a JOKE if you can allow LOONIES like @Chilyata to so GRAPHICALLY INSULT at will?
Are you telling me you don’t see the INSULTS and DEMEANING LANGUAGE this F000L, day in day out, directs at our MOTHERS, GRANDMOTHERS, and WOMEN FOLK of our beloved Zambia. What is so special about this NINCOMPOOP that you can’t do anything to STOP this kind of EXTREME ABUSE LANGUAGE being peddled on this site?
Come on LT, let us have some DECORUM on this site. Enough of this UNCIVILIZED…
The country is going through a lot of challengers economically and the id1otic given the task to fix the economy is just busy making statements instead of implementing policies,very pathetic f00l just like is boss whose just good at dancing like koffi olominde.
Where is Alexander Chikwanda kanshi? Uzilesi munthu that old man!!
ECL should appoint all opposition leaders to Cabinet,,, HH HH can make a good minister of religious affairs
HH will be preaching satanizim
@Mj banda:
Put that sh.it in your grandmother’s smelly and stale pu.ssey!
You meant sata.nism like your mother the Ar.sewhore!
LT, I beg you TO ACT! You really need to be serious with your POLICING of the stuff and INSULTS being splashed all over this site. I usually see you censoring comments that have only a resemblance of CRUDE LANGUAGE. Yet you allow such MIND BENDING VULGARITIES from !D!OTS like @Chilyata. Isn’t your so called POLICY a JOKE if you can allow LOONIES like @Chilyata to so GRAPHICALLY INSULT at will?
Are you telling me you don’t see the INSULTS and DEMEANING LANGUAGE this F000L, day in day out, directs at our MOTHERS, GRANDMOTHERS, and WOMEN FOLK of our beloved Zambia. What is so special about this NINCOMPOOP that you can’t do anything to STOP this kind of EXTREME ABUSE LANGUAGE being peddled on this site?
Come on LT, let us have some DECORUM on this site. Enough of this UNCIVILIZED…
just work and we will be able to see the results
I admire Edgar Chakolwa Kaloba Wrungu’s talent to find such a bunch of clueless,useless,ruthless,spineless,heartless,visionless,brainless,needless,directionless and drunkards as his working mate.
My friend, we shall all be crying louder later this week when the rest of his jobseekers’ so-called cabinet is announced. What solutions can these jobseekers come up with?
UPND is finished for good. Their only presence is on the social media and Dundumwezi.
Ba Lungu is quite something. He appoints nominated mps to ministerial positions and leaves for New York leaving the electe mps in anxiety not knowing what will happen.
Ba Lungu don’t be such a coward make up your mind and appoint your cabinet stop putting people I suspense
He is waiting for payments via Kaizer Zulu…first come first serve!!
Chief Jay jay, I think you are right. It didn’t make sense to appoint not even half a cabinet and then piss off to New York for some shopping….
Correct Mr Minister Fiscal Consolidation is the Norm and way to Go as the monetary policy is not yielding any meanful gains with less and less impact as the time frame ticks towards achievements
You can see the effect of less effective monetary policy starting with the impact and results recorded by Bank of Japan Kuroda who has tried all arsenals in monetary policy thes unorthodox monetary polcies as tried by central banks is legisterring few results along the growth curve of Zambia and help activate the economy Simply look at the effect of the interst rate policy MPC within the reserve market regulating price and little on quantity measures…
targeting reserves and monetary aggregates Mr Chabus Bashi Chilekwas bans may not get all reserves supplied from BOZ at targeted MPC for on leand onto the market thus failing to effect the deserved activation in monetary policy as implied in the target rates Even then the transmission mechanism is weak and very poor You will need also to see how capital constrained some of our banks exhibit therefore have little capacity to effect massive capital support to register desired monetary policy resulting in less useful companies taking and little utilisation of capital so little made available with little gone for new investments grounds
Remember also that policy rates in…
Keep it up there Bashi Chilekwa Deacon Chamber of mines Nice Presentations seen on ZNBC
Whst he means is we will still continue to be played by investors and still dance when we get crumbs..welcome back MMD!!
So PF after ba Chikwanda have no brains to run this ministry?What a bunch of losers!
WE know w0manizer MUTATI is a camera loving RHETORIC who will go for any chance to appear on DeadNBC News.
Anyway that’s what happens when u steal, U end up buying useless things. Like RINGO PHIRI stole millions & went & bought sacks of sausages, PF went & bought useless ministers from MMD.
It’ll just be opening one workshop/seminar after another whilst the cursed country degenerates to a failed state.
Mutati should just work quietly
He’s irritating rat’s are getting to our nerves. He should know that he’s bound by limits. PF has politics of appeasement. They run 360° turn around policy. They will turn around his suggestions & claim they came from an opposition element. Mutati better eat quietly.
To MUTATI. I know a tailor in town who’s good at repairing zips.
The Minister has brains Its like He has seen the limitation of Monetary Policy and the lack of clear effective results Probably You have seen and followed the Janet Yellen retractions and subsequent Comments that Followed from IMF Christine Largade made a public observations
Give the Minister chance to Navigate He has a Big Brain personal attacks aside There is G20 global leadership coming up in turkey It will be Good for the minister to follow that Meeting and see the positions of IMF in view of what his policy directions are and pick and pick out the correct Policy in view of IMF
Like the US FED, all…
economies have misconceptions shades to clear and as clearly seen From the FED and IMF public spat Global conditions have become very delicate and one has to be decisive in Policy and monetary policy has become less responsive in transmissions mechanism
Its not charity or benevolent, You will have to get out better As deflation rooms in Developed ,the value of your obligations become more highly priced and difficulty to out smart and avoid any form of Financial or banking crisis
He has gotten it right but a little of Hedging and risk averse in those decisions will be good also
I see nothing wrong wit FM’s aproach 2 this mammoth task ahead of him. Cultivating transparency n predictability is vry cardinal to economic growth n sustainability.
Where did you see “transparency” in his speech?
“… Mr Chishimba is optimistic that the future of the mining industry is bright because the country currently holds one point two metric tonnes of copper ore in its reserves…”
“…one point two metric tonnes…”?????????????
Mr. Mutati, great news.
By the way, what are this “Government policies”???
Talk of “Progressive Government policies” and “unprecedented development” for past five years has resulted in invitation to IMF for bail-out.
Any more of the same, or something more tangible than empty slogans?
Mutati you are in for it!!You have inherited a huge problem. We shall wait and see what miracles you are going to perform.
Ba LT. you need to start blacklisting people with vulgar language. insults wont take Zambia anywhere. People are suppose to be sharing ideas on the social media and not insults. Its surprising and puzzling