Government is planning to revise mining bill which is aimed at promoting transparency, accountability and fairness in the mining sector.
The bill is expected to be tabled in the next sitting of Parliament.
Minister of Natural Resources Energy and Mining Bright Msaka said the bill was finalized a long time ago and it was submitted to the Ministry of Justice for the evaluation.
He further said the delay in having the new law in place has made investors to depend on old legal framework Mines and Minerals Act of 1981 which has been branded by experts as being outdated.
One of the experts, Grain Malunga has described the move as very unfortunate and has doubted government’s seriousness on the issue.
According to Malunga a serious officer cannot take more than a week to complete the vetting process and make appropriate recommendations to the law.
The new Act has been crafted to prevent fraud, corruption, enforce adherence to community development agreements and good governance of the mining industry.