Growth projected for Zambia mining expo
JOHANNESBURG, (CAJ News) – PREPARATIONS for next year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC), Zambia’s premier networking event, have begun.
Hosting international and regional companies that operate within the country’s mineral rich Copperbelt region, the expo will be held at the Kitwe Showgrounds on May 12-13.
Expectations are that the CBM-TEC 2016 will attract over 110 exhibitors, more than 1 500 visitors, in excess of 100 conference delegates and over 40 top industry speakers.
Nicole Smith, event director of the annual CBM-TEC, said the 2016 show, which will be the third edition, followed on from a positive response received from all stakeholders involved in the previous two shows.
It was necessary to find a new venue to accommodate CBM-TEC as the expo had grown.
“This is the reason we will be using the Showgrounds in a way never seen before. Additional space was needed for exhibitors to showcase large equipment and provide product demonstrations and for us to also provide more technical workshops and other initiatives we have planned. The new venue is perfect for this,” Smith said.
Organisers remained convinced that Zambia was an attractive mining destination with good support and participation from government who had shown an understanding of the needs of investors and operators.
“The annual Copperbelt Mining Trade Expo & Conference (CBM-TEC) is well positioned to provide a platform to stimulate trade in the mining and industrial sectors in the Copperbelt region and for decision makers and
professionals to use the trade show to network, exchange ideas, share information and develop partnerships,” Smith said.
As one of Africa’s two largest copper producers, mining in Zambia has contributed significantly to the country’s economic growth. Forecasts had indicated that mining volumes could continue to increase at around 15
percent per annum through to 2016.
However, this was before metal prices hit five-and-a-half year lows earlier this year, negatively affecting over half of Zambia’s copper producers. Some relief has been felt with the setting of the royalty tax rate for open cast and underground mining at 9 percent by the Zambian government, reversing earlier plans to charge as much as 20 percent which has sent a good signal to investors.
In association with the Electra Mining Africa exhibition in Johannesburg,South Africa, CBM-TEC is organised jointly by Specialised Exhibitions Montgomery and Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK.
– CAJ News
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