Zambia Mines Ministry to Unveil Local Content Rules by End June

Zambia will by the end of this quarter announce new regulations governing the level of goods and services mining companies must give preference to local suppliers, the Ministry of Mines and Minerals Development said.

The copper-rich nation’s government is still consulting with the industry and other relevant stakeholders on the matter, Paul Kabuswe told reporters Wednesday in Lusaka, the capital.

The regulations will fall under the Geological and Minerals Development Act that became law this month. Companies including First Quantum Minerals Ltd., Barrick Gold Corp. and Abu Dhabi-based International Resources Holding are among Zambia’s biggest copper producers.

Zambia’s total ...