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Kariba Minerals

Objective:

Gemstones mining

Shareholding:

IDC 100%

About

Zambia is a major source of gemstones for the world’s jewelry market. In November 2007, Zambia won the Mining Journal’s Country Award for its expanding mineral production, transparent mining law, excellent infrastructure, and improved corporate governance.

Politically, Zambia has maintained amicable relations with its neighboring countries, resulting in continued stability. It is a member of the Southern African Development Community and has had four consecutive democratically elected governments over the past 16 years. No government has been overthrown by a coup d’état, and the risk of armed conflict is low. Zambia’s exports are sent to ports in neighboring countries via railway. Investment in Zambia’s road network has been scaled up since the launch of a ten-year US$1 billion investment program in 1998.

Over the years, Kariba Minerals has developed a unique grading system. The amethysts are carefully sorted and graded by a skilled workforce, using stringent quality control measures. This has established our amethyst as a premium brand known as KARIBA AMETHYST. Our product is in great demand among both manufacturers and wholesalers as the quality of our materials is becoming increasingly apparent. Presently, the company exports mainly to China and India, but we also have clients in Europe and America.

A number of facilities have been built to foster improved quality of life for the community. A new police station was opened recently. Schools have been built to provide children from 6 to 16 with access to quality elementary school education. Since workplace health and safety is an important issue for Kariba Minerals, the company financed the construction of a hospital centre. The hospital treats number of people every day and provides the entire local community with access to fast, effective medical care. The roads and bridges are regularly maintained by Kariba Minerals. The company supports the construction and upkeep of small dams to assist in local subsistence farming. Kariba also drills and maintains wells to ensure that the people have access to potable water.