Zambia: Mining-energy ‘INDABA’ set for Lusaka

By Nawa Mutumweno – Loita Capital Partners International, a pan-African investment banking firm with strong roots in Zambia is to host the first ever Zambia Mining and Energy Indaba at Mulungushi International Conference Centre (MICC), Lusaka from May 4 – 6, 2011.

Information obtained from the company indicates that the forum is poised to give investors and mining houses an opportunity to understand the vast potential in the country for mineral and energy resources.

The Indaba will bring together investors, financiers, mining houses, policy makers and other relevant stakeholders.

“The Indaba will focus on project showcases, issues affecting the mining and energy industry in Zambia and a host of other crucial topics. It will explore the changing global investment and capital raising landscape and will deliver a world-class agenda and business networking opportunities for the mining and energy community and other industry stakeholders,” a statement from the company says.

Recently, the Chamber of Mines of Zambia (CMZ) hosted an international mining industry conference and exhibition which took place on December 15, 2010 at Konkola Copper Mines (KCM)        in Chingola on the Copperbelt.

The conference was organized with the principle objective of enhancing a rich exchange of ideas and experiences among stakeholders in the country’s major foreign exchange earning sector.

About $5 billion worth of investments have been ploughed into the Zambian mining industry since privatization in 2000. The industry has flourished from a meager 250 000 tonnes then to over 700 000 in 2010.

“This is a very remarkable turnaround in such a short space of time, thanks to the dedication and effort of all the teams in each mining house that have  worked  hard to ensure  that production targets are achieved,” said Mr. Nathan Chishimba, CMZ president.

With consistency in policy, investment and greater efficiency, Zambia could reach the one million tonnes of copper target by 2012/13.