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Successful Local Emeralds Auctions Will Create Employment -Sata
President Sata says following the outcome of the successful auctions, there is no doubt about the country’s ability to hold auctions locally and maximize revenue which might have been understated through various manipulations.
The Head of State says it is obvious that selling and auctioning of gemstones locally will create employment, enhance value addition through cutting, polishing and jewelry making activities as well as enhance revenue collection as a result of proper monitoring mechanisms.
He adds that spillover effects to other sectors of the economy will also be enhanced as international buyers who come and stay in the hotels will end up visiting other tourist attractions as well as having an interest in investment opportunities in various sectors of the economy.
Mr Sata has reiterated government’s commitment to diversifying the economy away from copper and promoting value addition industries in the mining sector in line with the PF Manifesto.
The President has since commended the Ministry of Mines, Energy and Water Development for implementing his directive on gemstone auctions without delay.
Kagem Mines Plc held a low grade rough emeralds auction from 15th to 19th April,2013 which realized us$15 million which was the highest value ever realized.
Similarly, from 15th to 19th July Kagem held another auction of grade emeralds at which us$31.5 million was realized, the second highest auction revenue achieved to date and the best in terms of value per carat sold
Posted by
isaac
July 30, 2013 at 2:50 pm
True it is, employment creation no two ways about it.
one love
July 30, 2013 at 2:52 pm
employment.
Kennedy
July 30, 2013 at 3:56 pm
This will kill HH
chani chandala
July 30, 2013 at 4:08 pm
How will it affect HH? anyway thumbs up to govt & PF
icinshikululwa
July 30, 2013 at 4:35 pm
One kick. This iz 4 Zambianz, (us) not 4 politcianz. Go ruling party, go the goverment of the day.
Siwaako munyelo
July 30, 2013 at 4:49 pm
Go nd teo dt to pipo in misisi
ichipondo
July 30, 2013 at 4:52 pm
but muli….honest how will this specifically create employment? ets be objective and analytical before praising government on things which are obvious
pologoramu
July 30, 2013 at 6:12 pm
this is a multy billion business wow..we talking of helicopters,jacuzi’s,swiming pools,fancy german cars,private jets to the emarald owner..ala beula chikamba
One Coin
July 30, 2013 at 6:35 pm
Bushe mwalikwata amano ba Sata imwe? anyway thumbs up to my upcomin dog that wil neva get his ass mature until 2016.
zambianofficer
July 30, 2013 at 9:21 pm
BUFI……..
Comfort
July 30, 2013 at 10:49 pm
alrite enuf monking around-tumfweko plz giv us bck da lusaka hustle series.
yellow journalist
July 31, 2013 at 12:11 am
Halfbaked story: where was Sata saying this?
mrs tunfweko
July 31, 2013 at 9:10 am
Nice 1 ba president more jobs ala chikawama ba tata ba sata cnt wait.
Nkilibimbi
July 31, 2013 at 9:15 am
We have potential in the Emeralds
isaac
July 31, 2013 at 9:42 am
There are bloggers like dogs, hallucinating ignorantly as they are known to be major critiques.They are even asking creating employment how?
ADVISER.
July 31, 2013 at 10:12 am
Good job my president.
n
July 31, 2013 at 10:23 am
yeah this is productive thinking. we need to pull away from copper. emeralds will do alot for our country.
tama
July 31, 2013 at 3:43 pm
if properly handled it can do wonders for our country.
mpho
August 1, 2013 at 3:41 am
This is good news, Please do the same with other minerals especially copper, Zambia is not a poor country if only our leaders could plsn well.
mpho
August 1, 2013 at 3:41 am
This is good news, Please do the same with other minerals especially copper, Zambia is not a poor country if only our leaders could plsn well.