Zambia's proposed Minerals Regulation Commission Bill, which would allow the government to acquire a shareholding in exploration areas before issuing mining licenses, is facing strong criticism from industry bodies. Both the Chamber of Mines and the Association of Zambian Mineral Exploration Companies warn that the bill could deter investment and deliver a "fatal blow" to Zambia's ambitious goal of boosting annual copper production to three million metric tons.

Speaking to Channel Africa's Channel Africa reporter, Innocent Semosa, the Director of Mining for Modern Corporate Solutions of South Africa, Peter Major says this move will slow down investment