Japan to send delegation to explore Mines investment in Zambia

CAPE TOWN, Tuesday, February 04, 2014 – JAPAN will this year send a high level delegation to Zambia to explore mining investment into the country.
The announcement was made by Japanese Parliamentary Vice minister of the Economy, Trade and Industry, Mr Yashihiko Isozaki, during a meeting with Zambia’s minister of Mines,  Energy and Water Development, Mr Christopher Yaluma, on the sidelines of the ongoing 20th annual Investing in Africa Mining Indaba in Cape Town yesterday.
Mr Isozaki, said Japanese companies were showing interest in investing in Zambia’s mineral resources.
He said Japan’s four basic initiatives forAfrica included resource investment promotion and infrastructure improvement, which involved dispatching fact-finding missions, and human resource development and sustainable resource development through sharing legal experiences and technological developments in curbing mine pollution.
And mines  minister Yaluma said Zambia needed Japanese assistance in areas such as capacity building to sustain the mining industry, saying there was serious lack of it in both financial and human resource.
“(That is why I) feel elated on your pronouncement of sending a team to come and look at mining investment,” said Mr Yaluma.
Mr Isozaki agreed with Mr Yaluma, adding that Japan was hoping to develop projects in unexplored areas, such as oil and gas or mineral exploration, with trained Zambian engineers.
Mr Yaluma said Zambia was trying to move into a new direction where mining companies would not just focus on mining, but should consider addressing social needs of the communities they operated in, to which minister Isozaki affirmed.
Mr Isozaki also asked Mr Yaluma for Zambia’s support over the decision by Japan to run for the United Nations (UN) Security Council seat for non-permanent members in 2015.
Mr Yaluma said he would bring the issue to the attention of Foreign Affairs minister Mr Wylbur Simusa and Cabinet.
Mr Yaluma today led the Zambian delegation, which includes Mines deputy minister Mr Richard Musukwa and deputy High Commissioner to South African Mr Joe Kaunda, during the official opening of the Indaba at Cape Town Convention centre, and is expected to deliver a speech during the four-day event which has attracted thousands of delegates from across the globe.

Issued by:
Patson Chilemba
High Commission of the Republic of Zambia to South Africa