Zambia says it will restore ‘sanity’ to rattled mining sector
CHRIS MFULA ZAMBIA’S newly-appointed mines minister said on Tuesday that the government will ensure stability and predictability in the mining sector, seeking to allay fears of royalty hikes. Paul Kabuswe also said the government must root out corruption in mining, which is the engine of Zambia's economy. "We may not do everything in the coming budget but I can assure you that sanity will be brought back to the mining sector before 2026," Kabuswe said. Zambian bonds and the kwacha currency rallied after the election of businessman President Hichilema, who named Kabuswe mines minister last week. "We have to make…