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Minister of Mines Christopher Yaluma has disclosed that there are some big Australian mines that want to invest billions of US dollars in Zambia’s mining sector. Mr Yaluma has named the Australian companies as FMG one of the largest iron ore mine, Intrepid and Mosi resources. The minister of mines said that the mining firms are already doing some explorations adding that the prospects of mining are very high because the data they have found indicates they will proceed to conduct mining activities in Zambia.
Mr Yaluma disclosed this to ZNBC News in Perth, Western Australia during a welcome reception for delegates attending the African Down Under mining conference that has attracted participants from all mining countries in Africa.
And Zambia’s Ambassador to Australia George Zulu said Zambia’s stable political environment has greatly contributed to an increase in mining investments.
Mr Zulu said the Australian government has put policies that support mining of copper in African countries to grow its copper production.