Search on
News Title
News Details
Zambia starts processing green investments in copper rich zones of Copperbelet
471 times viewed.
Saturday, 26 Mar 2011

Mr Maxwell Mwale mines minister of Zambia said that government has started processing green investments in copper rich zones of Copperbelet and north western parts of the country to harmonies the mineral potential and create more than 80,000 jobs in the mining and copper sector in the next four years.

Mr Mwale said that Trident Mining which would be situated in North Western Province would become the biggest mine in the province adding that investment in the mining sector was expected to create about 80,000 jobs by the year 2015 and measures were being worked out to ensure that the jobs benefited Zambians.

He said that it is part of the Zambian government’s deliberate programme to reduce poverty among its people in the southern African nation in which it hopes to create 80,000 new jobs in the mining companies operating on the copperbelet and north western Zambia where among other mining companies, Equinox Minerals, Mopani Copper Mine and Konkola Mines operate. This is part of our program to reduce poverty in the country. We have a list of companies that are expected to invest in the country but the biggest is Trident. It will be much bigger than First Quantum Minerals,”

Other mining companies to be opened before 2015 are Kalumbila and Lumwana besides the few that had started prospecting on the Copperbelt. Copper mining in Zambia is the economic life blood after agriculture and the Government has prioritized job creation, infrastructure development and diversification away from these sectors to sustain economic growth investment in the mining sector would continue to recreate life and replace the mines whose lifespan was coming to an end.

Mr Mwale disputed assessions from some opposition political parties that contended that the government favoured some investors particularly China in preference to Zambians and who were in turn exploiting the local people with little pay and disregard for labour laws. He defended the Chinese investors stating that their investments in the mining and construction sectors had added to a lot of value to the economy.

He said that where a Zambian like me will put 60 blocks, a Chinese will put 300 blocks and that is how you beat your targets. This is the reason why Lafarge, which is a French company, engaged a Chinese construction company to construct their new plant in Chilanga.

Meanwhile, government said it was hopeful that the Government would foster job creation through the on the on-going oil exploration in Western, Eastern North Western and parts of Northern provinces and that licenses had been issued to local and foreign firms for oil exploration and he was confident that they would record positive results.

(Filed by Mr Kapembwa Sinkamba SteelGuru Correspondent Zambia)

This is alternative content.

More Metals News