IMF Uranium wants firm relaxedseals drilling contract conditions for Africa

Ready for ops at new Kazungula border By

Hydro Tech is a Zambian drilling company that Hard specialises currency in is money that comes groundwater from a country with a and strong exploration government and economy drilling and has and that is not likely to been lose operating its value. for

IMF seven Division years. Chief Re- search Department, Malhar Shyam Nabar, expressed concern that the conditions had been ALL A CANADIAN tax extremely collecting firm, systems tight GoviEx for Sub-Saharan at Uranium, the new Africa Kazungula has executed over One the a past several Stop Border months. Post (OSBP)

drilling contract with Hydro Mr are Nabar ready to said start operations a turn- around Tech in Drilling conditions and Exploraand

immediately after the official better opening tion access (Z) of Limited the for project Sub-Saha- to undertake ran African scheduled exploration issuers to in take the place to company’s access this external month. Mutanga hard Uranium currency Project bond in markets Zambia. According would to the certainly Zambia help Revenue with Hydro improving Authority Tech will (ZRA), also the deal outlook. all with systems, resource processes, delineation “In procedures, terms of and people what drilling programmes focused the are all ready to take up the

global at outlook the company’s means Mutanga for

challenge at the new border

Sub-Saharan Uranium Project Africa, in Zambia. of

post.

course, the partial Tech is recovery a Zambian

ZRA Hydro is the lead border that we agency drilling are at company projecting Kazungula that assisted specianext year clearly by lises other in has groundwater border a agencies beneficial and eximpact for the outlook in

such ploration as Immigration, drilling and has been terms Ministry of stronger of Health, Ministry external demand. operating for seven years.

of Agriculture, Ministry of

“But Mines, one With Zambia the key reissued element Compulsory Chirundu re- ally is Standards Mining that Permit, the. Agency, external GoviEx Zambia is keen fi- nancial Police to get conditions, and back Road to advancing Transport which the have been and Zambian Safety extremely assets Agency. with the tight defor Sub-Saharan velopment The ZRA has of Africa Mutanga, therefore over says the past indicated company several that Chief months,” it will Executive move its Ofhe said during regional ficer, Daniel customs a Major. recent command press briefing. centre from Livingstone to

Mr Major said the projKazungula.

The ect IMF, benefits he from said, simple had and

The new facilities are

stepped straight in with forward very operations wide-

expected to improve trade

spread due support to low-waste on conces- stripping,

facilitation procedures

sional financing and debt

and low acid reduce consumption transit time and of poservice relief to try and

about tentially two one to seven of the days lowest to capconserve liquidity for these

about ital expenditure two hours, says requirements ZRA

economies. Corporate Communications

of its African peers needed to Manager, Topsy Sikalinda.

get into production.

Mr Sikalinda explained in

“The mine plan currently

Mr Nabar explained this was meant to countries redirect resources to combatting the health sis and the economic an they interview are that facing. the current system IMF used Chief pontoons Economist which Director were slow of hence the Research the increased partment, dwell times Gita at the Gopinath, border. said: “overall for the region

as “As a the whole, ZRA continues our numbers on its close modernisation to what agenda we had in that so began it is in 2016, -3 percent it that for innovation and then is holistic, [-]3.1 product percent and 2021, process but should there both is be significant included. A balance should

heterogeneity within the also be done on both systems

forecasts gion.” an 11-year mine life and physical infrastructure.

and Ms the drill Gopinath targets identified observed

“Recently, the ZRA launched through that its trenching, there new buildings were in known countries in uranium that Mongu and were intersections, another commodity new indibuilding porters potential in Chinsali that has had been been cate for resource excompleted tension negatively making and yet impacted this to be a potennot launched. by the Covid-19 pandemic tial long-life project. but The Kazungula by the drop project in oil prices. “Furthermore, considerable is another “There huge milestone is always a differ- with metallurgical ence support between from test the work

countries has Government,” already are more been he undertaken said. diversified, Mr to a Sikalinda pre-feasibility seem also to said have study in the standard, better growth Eastern providing prospects part considerable of the than country, others, conthe fidence it new is Mwami also on the important border process post route to was considered,” in almost mind complete he that, said and in for an upinstance, would date in on soon Sub-Saharan the be project. commissioned. Africa,

He The explained Ministry that of the

World Bank projected Mines re

OSBP concept ensured that

cently over reinstated 20 million the licence people facilities, and associated

for enter GoviEx extreme to mine uranium poverty in processes and procedures

Chirundu. year,” she said. that permit goods, humans, cargo, The and reinstatement vessels or of the li

There is always vehicles cence was stop however at one single subject to

a difference point completion or facility of and certain do all explothe

tween countries clearance ration and procedures development to exit mile

that are more one stones country to advance and enter the the license

diversified, that other towards country final or feasibility state. study.

seem to have Mr Sikalinda said the

GoviEx had pledged re

Chirundu OSBP better between growth

invigorate the development

Zambia prospects and Zimbabwe than was others,

of the Mutanga Project in recognised but it to is be the also first important fully Chirundu, to functional keep OSBP in on mind the that,

starting with tar

African geted for continent. instance, in Sub-

resource exploration drilling “It haran is gratifying Africa, to state that the World

later this year. the GoviEx lead Bank consultant projected for this

has planned a 8,000 that role metre model down-hole was Zambian percussion and

over 20 million people the drilling current will program, enter Commissioner focussed extreme on pov- General of the Zambia the erty Dibwe this East year,” deposit and

Revenue Authority at the time

new areas defined by previous he was in the private sector.

trench sampling east of Dibwe

East.