Emerald auction raises $15m

GEMCANTON Investment Holdings says Government’s favourable policies in the mining sector have enabled it to raise US$15 million from the emerald auction held last week.
Company chief executive officer Abdul Ba said the incentives that Government has put in the acquisition of mining machinery is helping the emerald sector enhance the quality of gemstones.
Mr Ba said in an interview on Sunday that last week’s auction attracted about 36 international buyers from Russia, India and Israel.
The sale was conducted from August 15 to 18.
“Government is really playing a critical role in the way we are marketing our minerals. We are now able to bring in machinery that has the capability to polish and add more value to our gemstone

By Esther Mseteka,Lusaka

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