African forum to boost investment

The Southern Africa Development Community (SADC) and the European Union are organizing the SADC-EU Mining Investment Forum, slated for Oct 10-13 in Lusaka, Zambia.

In recent years, the 14 member-nations of the SADC have taken various steps to increase investment in their mining sectors, including: revising mining laws and regulations to provide for better guarantees of tenure over mineral rights; simplifying the system of grants, renewals and transfers of mineral rights; and offering investment incentives.

The event will focus on more than 100 new projects that are being explored for precious metals, non-ferrous metals, industrial minerals, and natural stone and gemstones.

Mines ministers and other representatives of SADC countries will be on hand to answer questions.

Attendance is restricted to companies invited by the organizers. Preference will be given to companies seeking to invest in a SADC country.

Mining contributes an estimated 60% to SADC’s foreign exchange earnings and accounts for 10-11% of the countries’ collective gross domestic product. Nearly 5% of the total workforce of the SADC is employed in mining.

For more information, visit the web site at www.mines2000.com

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