Mine Suppliers and Constructors Association says the decision by ZCCM Investment Holdings to venture in gold value addition is a long term investment goal even though it will not resolve most challenge faced by the industry.
Speaking in a phone in interview with Money FM News, Association President Augustine Mubanga said “gold mining will greatly benefit the mining sector,” but that it will take a long time for gold business to be fully established.
Mr. Mubanga added that what the sector needs at the moment is a conciliated management of the country’s mineral resources.
He said this following the announcement by ZCCMH on the setting up of a gold company that will see the group participate in the countries gold value chain early this year.
