Question

Breifly describe the new national mineral policy of 1993.

Answer 1

Instructions:

• Explain why was the new mineral policy drafted in 1993 and what were its outcomes.

Solution:
National Mineral policy(1993)

• Despite these outcomes, the government could not bring in new mining technologies and tools that would help them carry out the mining operations and identify new mineral deposits.
• This resulted in stagnation in mineral production.
• So, the government realised that it needed the expertise of private companies in mining, which should be subject to its regulation and control. This resulted in a new national mineral policy in 1993.
• This policy allowed private companies to lease and operate mines. The government was to be paid a royalty for allowing the companies to mine.
• This allowed the government to regulate mining, obtain an income and encourage private companies to invest money and use modern technology.
• This increased the number of mines and minerals mined and increased employment in the mining sector.