THE Chilean Delegation recently held discussions with the Zambia Mineral Value Chain Monitoring Project (MVCMP) Team with the aim of exchanging ideas and experiences in the monitoring of the mining sector in the two major copper mining countries.
Chile is the world number one copper producer with an annual output of 5.5 million metric tons whereas Zambia is seventh with an estimated 740 thousand metric tons of copper for the year 2016.
The delegation to Zambia was led by Chilean Copper Commission Vice-President Sergio Hernández and said his team was impressed with the electronic Mineral Output Statistical Evaluation System (MOSES) that MVCMP has developed in collaboration with the Mineral Production Monitoring Support Project (MPMSP).
“We are really impressed with this electronic system that you are developing, it is robust and will help the Zambian Government to have clear figures on mineral production and exports,” said Hernández.
Hernández in his presentation to the MVCMP and Zambia Revenue Authority (ZRA) Team highlighted the successes and challenges of the mining industry in Chile. In his presentation entitled “Mining challenges and role of public Policies-Chile and Mining in the 21st Century”, Hernández disclosed that the mining sector contributed eight per cent to Chile’s Gross Domestic Product (GDP) of US$247 billion.
Copper is the main mineral resource but the country has other resources such as rhenium, molybdenum, silver, gold, iodine and lithium.
And ZRA Commissioner for Modernisation and Corporate Strategy Dingani Banda said his team had always wanted to learn from Chile and he was gratified with the visit by the Chileans to the Revenue House and the MVCMP.
Banda said the visit by the Chilean delegation marked the beginning of cooperation by the two mining giants and said his team would soon work on the modalities that may lead to the signing of the memorandum of understanding.
MVCMP Team Leader Savior Simwanza in his presentation outlined the objectives and key milestones of the MVCMP.
The Chilean delegation was in the country through the invitation by the Zambia Chamber of Mines.