Mr Mutati said Zhonghui Mining Group Limited was expected to come up with an implementation framework which will enable the company outline major milestones that will show clear timelines within which the various projects are going to be actualised.
He said Government has embarked on business reforms to minimise hardships investors face by reducing the cost of doing business in Zambia.
"I must admit that as Government, we are extremely impressed with the confidence by Zhonghui Mining Group Limited. The investment is happening at a time when companies are curtailing investments while others have been laying off workers," he said.
He said Government is aware that the flow of Foreign Direct Investment(FDI) has declined and become very competitive.
Mr Mutati said according to the World Bank report, FDI was expected to reduce by 50 percent and Government strategy is to focus on South to South investment and Pan-African investment.
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