The British Government says it supports the Zambian Government in its objective of achieving a more equitable distribution of natural resource wealth, whilst at the same time ensuring Zambia remains an attractive destination for mining investment.
A statement released to ZANIS in Lusaka today by the British High Commission and the Department for International Development (DFID Zambia), states that this is why the British Government is one of the two Co-operating partners who have provided financial assistance to the Zambian Government to obtain its own independent technical and legal advise on renegotiating Zambia’s mining development agreements.
The British Government said it also endorses efforts by the Zambian Government and fellow Co-operating Partners to support the Environmental Council of Zambia (ECZ) in strengthening and enforcing environmental law and regulations.
The UK government however stated that it is better for Zambia to ensure it has the right regime in place for the mining sector rather than rely on changes to legislation in each the countries where mining companies are registered.
Government has since introduced a new mining tax regime aimed benefiting the Zambian citizenry from the country’s endowment of minerals.