Zambia’s Emerald Sector Shows Mixed Performance, Calls for Support to Small-Scale Miners

 

The emerald sector in Zambia has witnessed a mixed performance over the past six months, with notable successes from major players but ongoing challenges for small-scale miners.

According to Victor Kalesha, President of the Emerald and Semi-Precious Stones Mining Association of Zambia (ESMAZ), the sector's progress is driven largely by the efforts of Kagem Mining Limited and Grizzly Mining Limited, the two largest producers in the country.

 

Mr Kalesha noted that Kagem and Grizzly Mining have been instrumental in promoting growth within the sector, thanks to their successful auctions held both locally and internationally.

 He said these auctions have not only boosted the companies' revenues but have also raised Zambia’s profile as a leading producer of high-quality emeralds.

“Over the last six months, Kagem Mining Limited and Grizzly Mining Limited have significantly driven the growth of the emerald sector through successful auctions, showcasing the potential of our gemstone resources on a global stage,” Mr Kalesha stated.

However, he also highlighted the struggles faced by the 90% of small-scale mining companies in the sector.

Mr Kalesha said these smaller players have been unable to fully capitalize on the country’s emerald resources due to several challenges, including limited geological information, inadequate mining equipment, and restricted access to finance.

 He said as a result, productivity among small-scale miners remains low, stifling their potential contribution to the sector.

“While our two largest producers are thriving, the reality is different for small-scale mining companies,” Mr Kalesha explained.

“They face significant challenges, including a lack of geological data, insufficient equipment, and limited access to the necessary financial resources to improve their operations,” he said.

Despite these difficulties, Mr Kalesha acknowledged the positive initiatives being taken to support the sector.

He said Grizzly Mining, for example, has adopted an open policy that provides small-scale miners with geological and technological consultations.

 Additionally, Mr Kalesha said government efforts to geologically map mineral resources and engage with small-scale miners have been welcomed as steps in the right direction.

“Grizzly Mining’s open policy of supporting small-scale miners through consultation and the government’s initiatives to map out our mineral resources are encouraging signs. These efforts are vital for ensuring that the sector as a whole can benefit the nation,” Mr Kalesha said.

Looking ahead, Mr Kalesha expressed optimism about the future of the emerald sector in Zambia.

He said he believes that with the continued success of major players like Kagem and Grizzly Mining, combined with increased government support for small-scale miners, the sector has the potential to see substantial improvement.

However, Mr Kalesha noted the need for targeted interventions to address the specific challenges faced by small-scale miners.

“Going forward, the sector is expected to improve, particularly if we can resolve the issues hindering small-scale miners. With the right support and collaboration, the emerald sector in Zambia could achieve a higher rating, potentially reaching 8 out of 10 in the next six months,” Mr Kalesha said.

 For the emerald sector to reach its full potential, Mr Kalesha called for a collaborative effort between the government, large-scale producers, and small-scale miners.

 By working together, he said he believes that Zambia can maximize the benefits of its rich gemstone resources, ensuring that all stakeholders, especially small-scale miners, can thrive.

 

ENDS