Mining
Mining is primarily regulated by the Mines and Minerals
Development Act, No. 11 of 2015 and the Mines and Minerals
(General) Regulations of 2016. For a company to hold a mining
right, it must be incorporated in, and have a registered office in
Zambia.
A company that has directors or shareholders (with more than ten
(10) per cent equity) who are bankrupt or have been convicted of
fraud in the five (5) years preceding an application for a mining
right is not eligible to obtain a mining right in Zambia.
Mining accounts for seventy (70) per cent of the Zambia's
export earnings, with copper being its main export. Other minerals
produced in Zambia are cobalt, nickel, gold, zinc, lead, limestone,
uranium, etc. The global shift towards renewable energy and green
technologies has led to a high demand for copper, cobalt and other
minerals used in these sectors.
