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
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