A Zambian Gemstone Mining Company in partnership with government has embarked on an international market campaign trail to highlight the nation’s gemstones to the world.
Gemfields owns 75 percent of the Kagem Gemstone Mine and is showcasing Zambia’s potential in the gemstone sector at the ongoing Cape Town Mining Indaba in South Africa.
In a statement issued to ZANIS today, Gemfields Executive Officer, Ian Harebottle, outlined the need for increased investment and involvement of significant international market leaders if the gemstone sector is to achieve its full potential.
Mr Harebottle said Zambia’s participation at the largest mining investment event demonstrates growth in the promotion and production of Zambia’s gemstone resources by favourably competing on the global stage.
He explained that his company is pioneering a revolutionary approach to Zambia’s gemstone sector to integrate world-class mining with local stakeholders.
Mr Harebottle disclosed that the billboard advertisements featuring Zambia’s gem minerals were also strategically placed at the Cape Town International Airport to target the large number of international stakeholders attending the event.
He noted that the initiative will also significantly contribute to Zambian tax system and direct foreign earnings.
Mr Harebottle said the indaba, which is the largest gathering and a key date on the world mining calendar, was attended by delegates and dignitaries from across the African continent, including Zambia’s Minister of Mines, Energy and Water Development, Yamfwa Mukanga, Mozambique’s Minister of Minerals and Natural Resources and other mining stakeholders.
Worldwide production of emeralds is estimated at K 2.6 billion per year, of which Zambia accounts for about one third.