GemeWizard
Home|About Us|Store|Color Report Newsletter|Support|News & Events|Contact|Gemstones Colors

Gemstones Colors and Prices



         


   

      Gemewizard archive daily article








  Australian investors reportedly considering emerald mining in Zambia


August 10, 2012


The Zambian government's efforts to spur growth in its mining sector appears to be paying dividends, as five Australian companies have reportedly expressed interest in investing in emerald mining in the Lufwanyama region at a cost of about $20 million.

A meeting involving Zambian officials and the Australian investors was coordinated by Emerald Production Watch of Zambia, which is an organization dedicated to developing the country's emerald resources for the benefit of local communities. The Lufwanyama District, which is located in Zambia's Copperbelt Province in the northwest of the country, is chronically underdeveloped, despite its being richly endowed with mineral deposits.

According to Emerald Production Watch of Zambia's president, Musa Kafimbwa, the meeting was held at the palace of Chief Nkana, a regional leader, and the potential of emerald mining in Lufwanyama was discussed.

Emerald Production Watch of Zambia estimates that more than 5,000 jobs could be created locally once the Australian firms start operating. Kafimbwa said the investors indicated that they may start their operations within the course of this year.

Zambia, which already produces about 20 percent of the world emerald supply, is a country with vast mineral resources, including copper, cobalt, zinc, coal, gold, silver and uranium. Many of the country's principal mining operations are located in the Copperbelt Province.

The country has substantial deposits of precious stones, including emeralds, amethyst, aquamarine and diamonds. It also produces marble, granite, ferrous metals, limestone, manganese, iron and phosphates.

©2007 Menahem Sevdermish, GemEwizard, Inc. All Rights Reserved. Designed by YCS - Yahalom Creative Solutions