Mining projects expected to attract SADC investment

MINING PROJECTS have been identified as the bait to lure investors in the SADC region. The Gaborone-based European Union-SADC Investment Promotion Programme (ESIPP) will showcase the region’s many mining projects at this year’s Mine 2006 sectoral partnership meeting to be held in Lusaka in November. The Mine 2006 meeting is expected to boost the operations of the mining sectors and also to facilitate business deals and enhance investment opportunities, according to Andnetwork.com. “The mining projects that would be identified for this programme are those that have owners who have legal rights to own the projects as individuals or companies. Their projects should demonstrate that they have the potential to attract outside investors from SADC and the European Union as well,” said Surrender Ncube, co-ordinator of ESIPP in Zimbabwe. There are currently at least four teams identifying mining projects throughout the SADC region, an exercise that is expected to be completed by mid-July.