Importance of mining and criticality of free capital flows - Leina Gabaraane
“MINING is such an important sector of our economy, so vast such that it covers not only exploration and support businesses but extends to rehabilitation of the land where minerals are extracted from. It has a huge social impact on people resident in communities where extraction is done. The opportunities it provides are vast,” Stanbic Bank Zambia Chief Executive Leina Gabaraane said in a side-line interview at the ongoing 2018 Mining Indaba in Cape Town. Most of the discussions at this Indaba are very relevant to us as Zambia from a socio – economic perspective, he said.
The need for responsible investments
Gabaraane emphasized the need for responsible investment in mining citing examples of the autopsy of Kabwe’s Lead extraction where the community is grappling with contamination and carbon emission effects. He highlighted a series of questions on how rehabilitation must be done, how well-functioning relationships between the mines and the community can be crafted and how downstream participation of the community can be catered for. These, he attached immense importance to as food for thought.
ZCCM-IH CEO Dr. Pius Kasolo (left), Zambia Railways CEO Mr. Christopher Musonda (immediate left), Zambia High Commissioner to South Africa - Mr. Emmanuel Mwamba, (middle), Deputy Secretary to the Cabinet - Hon Chris Mvunga (middle), Stanbic Bank Zambia...