Copperbelt University Professor John Lungu has urged Zambians to stop worrying about the decline in copper prices because it is a passing phase.
Speaking during an Economics Association of Zambia public discussion in Kitwe on Monday evening, Prof Lungu said Zambians should not worry because economies of India and China were growing.
Prof Lungu said it was important that Zambia handled the copper sector with care because the country’s economy was largely dependant on it.
MUZ president, Rayford Mbulu said 286 miners at Bwana Mkubwa Mine had lost their jobs and were due to get their terminal benefits today, while 50 other miners at Kansanshi were likely to lose their jobs. He said 26 other workers at Chambishi Metals slag dump had been sent on forced leave, but that reasons given for the job cuts were not justifiable.
Mr Mbulu wondered why mines should retrench workers when the current copper prices were more than double what they used to be in the past.
He said mines must remember that when copper prices were fetching US$10,000, they did very little for the communities in which they operated.
Mr Mbulu said there was no justification for mines to retrench miners because they had already made huge profits.
Mr Mbulu said there was need for the Government’s intervention in the matter as the union believed that the situation needed political will.
Mines Minister, Maxwell Mwale, says the job cuts at Bwana Mkubwa mine are not related to the fall in copper prices caused by the global financial crisis.
Mr. Mwale says Bwana Mkubwa mine has been experiencing operational challenges because it no longer processes copper ore from the Democractic Republic of Congo which has banned copper ore exports.
He said this in an interview with ZNBC news in Lusaka.
Mr. Mwale has appealed to mine investors not to send the industry into panic because copper prices are still favourable.
Universty of Zambia (UNZA) head of mining engineering, Mathias Mpande has also called on mining companies not to retrench workers on the basis of falling copper prices or the global economic recession.
Dr Mpande said in an interview in Lusaka yesterday that there was no need for retrenchments because mining companies in Zambia would continue operating profitably despite the falling copper prices and global economic recession.
Dr Mpande said by the time most of the firms came to invest into the country, prices of copper were very high and, as such, the companies made huge profits to warrant them to continue their operations.
“The mines are going to still remain profitable. Mopani, for example, has made large investments. By the time they were investing everything was on their side and they have made profits to continue operating even in the face of global economic crisis.
“I cannot see any mine closing down because there is enough copper. A mine can only close if there is no copper or it is not happy with the prevailing Government policies but not because of the global economic recession,” Dr Mpande said.
He said if any mining company in the country were to close, it would do so because it wanted to and not that it was not profitable to remain in existence owing to the global economic crunch.
With the case of Zambia, he said, possibilities of mines closing owing to the economic crunch were minimal because Chinese and Indian investors whose countries were not adversely affected by the global economic recession mostly owned them.
“India and China are not going to go under and so most of the mines on the Copperbelt will still be profitable,” Dr Mpande said.
He, however, advised the Government to come to the aid of mining companies by offering them some incentives.
He said, Government could, for example, exempt some mining firms from paying certain taxes until such a time that copper prices and the global economy stabilised.
Dr Mpande said the trend the world over had been that governments assisted the running of mining firms by offering them tax exemptions.
He said with Chinese and Indian economies remaining buoyant, the Government could enter into an agreement to directly export copper concentrates to the two countries to secure jobs for citizens working in the mines.
Dr Mpande said it was not too late for the Government to start negotiating with its counterparts in the two countries so that direct export of copper concentrates to China and India could start.
Times of Zambia/ZNBC
1
I wonder what the fuss is about this copper price as if it even benefits tha locals. What do we have to show for the boom when copper was going at $ 8000 a ton? Zero. It’s only infesters who benefit. Workers are alwasy paid peanuts in both boom and burst time. We really don’t own the mines and I wouldn’t care if the price even went to 25 cents a ton. At least my grand children will not inherit a country full of holes with nothing to show for.
I will just continue with my vegetables expert business.
WELL COMMUNICATED WHEN THE PRICE WAS HIGH WE WERE TOLD THAT THIS COPPER IS SOLD IN 3 OR 6 MONTHS FORWARD PURCHASE AGREEMENTS NOW THE PRICES HAVE ONLY BEEN DOWN FOR ONE MONTH AND EVERYONE(MINE OWNERS)ARE CRYING WOLF.
JUST SHOWS THE LEVELS OF GREEDINESS.aND FOR THE RECORD CAN ONE MINE SHOW US THAT IT GAVE EMPLYEES A BONUS COZ OF THE HIGH COPPER PRICES AS WAS THE CASE IN CHILE.
Can we really believe that?
Its a global problem things we change soon i feel bad for those who hav lost there jobs
sorry meant to say my vegetable export business. We are experiencing a massive boom there. And we even pay real Tax unlike these infesters.
Come on Prof.People are losing contracts & jobs & you are saying people shud not worry.
That’s investors for you. Govt should Just empower the Zambians and things will be better.
Dr Mpande keep shouting you might wake them up from their deep sleep.
Those are global problems not even RB or VJ can manage to manipulate them.Sooner or later it will stabilise.
Just goes to show how shallow our economy is, the loss of 500 odd jobs causing panic.
These investors are only cutting jobs because GRZ rightly hiked taxes. They are getting back at GRZ.
Can you imagine Dr Mpande suggesting that mine owners be given futher incentives by exempting them from paying some taxes just becoz copper prices have dropped. When did someone ever suggest that Zambian workers be exempted from paying tax because the economy has gone bad, or because mealie meal prices have gone up?
That is the info Zambians need to know and the more reason why by now Zambia should have developed other quality industries not tuntembas
I think Prof. Lungu is right, but it is also worth mentioning that copper is not the only natural resource we have in Zambia. It’s time we started broadening our spectrum to capitalize on oil deposits and other minerals.
this useless professor .! we want to hear real issues coming from such person worth the title no sympath ! leave such comments for churches and NGOs ,,hopeless professor for nothing.
It might be a passing phase but how long will it take to pass? People have been advising Zambia to DIVERSIFY AWAY FROM COPPER since the early 1970’s, why are we totally unable to LISTEN? Shame
We need to diversefy our economy to stop the heavy reliance on copper. We should promote agriculture and manufacturing industries. Minerals are non-renewable resources
Guys i luv you all. Continue contributing for the sake of mother Zambia.we are all Zambians, wether lozi,tonga,Bemba, luvale,kaonde,chewa,tumbuka and all the other tribes we have in Zambia.If we see how 1 is articulating issues,and we are convinced that he can develop our country,lets support that 1,regardless of what tribe. I wil miss Engine,Spectator, wewewe,Maestro Hhehehehe,Deeds, Martword,Pumpy, Undertaker,wafwa napanga,Luapula Fish,Sarah,Baby C,ponyax,Bwalya, Anonymous and all the other bloggers.To me we were like a family,at times i could laugh alone whe i remember some of the comments.I have learnt alot from you guys.God give you success where ever you are and in what ever you are doing.I wil miss all,bye!!.If i injured or irritated anyone in my comments,am so sorry plz.Bye and God bless!!
People of zambia the reason why these mining companies are cutting jobs is not becoz of the lower copper price noooo!1 they have made enough money to take to their countries so they are just looking for a excuse for them to leave the country.recently they were talking of sueing the state over taxes.The problem is when they come we give them too much Authority such that they even have the gutts to shoot and kill our pipo.(Chambish incidence)
Ba Chewe where are you going? I will definitely miss you broplease don’t go we love you so much our bro.Ndekunkula bakalamba don’t go you make my days.sometimes I find myself in a low mood but when I read your comments I just find myself LOL.please don’t goooooooooooooooooooooooooooooooooo!!!!!!
ok
chewe come back!
#17. Thanx Chewe but where r u going. R u going back to the village where there is no internet or cellular phone network? Dont make me cry I dont wanna miss you. You are a sweet person
We should learn to think outside the box, mavuto yamabwelesa kuganiza. This pro. instead of thinking of something else, he still insist that this is just a passing phase, iwe! if its a passing phase so what? Suggest the alternative in the meantime, pipo need money imwe ba pro.
Iwe chi #14. Leave Prof. John Lungu alone. You sound like an iliterate PF supporter
Metal prices a falling generally on the London Metal exchange.As long as the global economy continues in this direction they will decline for the next 3 to 4 years.The chinese and indians were the biggest consumers of copper but they need western markets for there economies to keep growing.Hence with the recession in the west its inevitable that even these emerging economic giats will decline and its a domino effect.
WHERE IS MAESTROL HEHEHEHE I MISS HIS TANTRUMS PLZ CONTINUE ENTATAING US WE LOVE YOU ESPECIALLY WHEN YOY ARE PISSED OFF
#22 Its not that he is going anywhere, he is one of those retrenched at the mines. You can see how serious the problem is now, robbing even our own Chewe.
Let us add value to our copper before exporting it, guys i tell u if we had 10 companies adding value to our copper before exporting it our economy would be better than it is. This should be the direction that investments comming to Zambia should take, then the Chines, Indians, Japanes etc would be comming to us no LME.
I just don’t know what policies are there on mines and how the contractual agreement between our government and these robbers called investors are. I wouldn’t wonder if I heard a rumour that these investors have more power over the contracts they agreed on.
Just like my coleagues above have observed, when copper price are high, there are no salary increments or massive imployments in mines.
The problem with our leaders is that, they don’t listen when we speak. They are just full of themselves.
What a shame for a rich nation like Zambia but we have wealth.
Good afternoon fellows
Chewe come back, we can host a farewell party for you
Lungu,…what planet are you on? A full professor and you really think that this is a passing pahse? The main copper consumers (China /India etc..) are now caught up in this financial whirl wind with no visible end in sight. That means demand for copper will dip even further and thus putting further downward pressure on the copper price. You only need to look at what has happened to the cardboard paper market. It has virtually halved! Why? China is exporting less and so needs less cardboard. Traditionally this is a very serious indicator.
You need to tell the truth and help the Govt adopt more realistic planning assumptions so that we cab better brace this downturn.
Chewe
where are you going?
Just stick around.
Giving them more incentives? What the hell. They have already got away with blue murder. We need to increase the taxes. These chaps cannot run away, they are making good money from our copper.
People are being retrenched because that Chani Fisheries Moses Katumbi guy in DRC has stopped export of raw concentrates. Too bad for our miners. However, we should have seen this coming. Don’t we say we ourselves should add value to our copper exports. Katumbi wants to add value to their concentrate, which we do ourselves.
And why is Dr Mphande suggesting we export concentrates to China & India? Rubbish! Create jobs by adding value to the copper we currently produce.
Rupia nominated and appinted a mining Engineer and former Mine Sup as Minister of Mines. He has made a comment in the news item above. Do we have any comments about his explanation.
May be Rupia should have sent him with VJ to Kinshasha and lubumbashi to negotiate the delivery of copper ore for processing at Bwana Mkubwa.
the world is experiencing a global economic crisis.Which in essence means that even india & china in one way or another will experience the effects.the biggest market for chinease products is the USA, therefore if its in recession does the prof really think it will want to spend more on china rather than on its own economy.the elections are over and the time to pay people to issue sweet nothings is over.the best these people can do is prepare the people for the worst case scenario!it does not help anyone to say the falling copper prices will come to pass,but please also state how long its going to take till it passes!
Rupia nominated and appinted a mining Engineer and former Mine Sup as Minister of Mines. He has made a comment in the news item above. Do we have any comments about his explanation.
May be Rupia should have sent him with VJ to Kinshasha and lubumbashi to negotiate the delivery of copper ore for processing at Bwana Mkubwa.
But the jobs so far lost though sad do not amout to a national disaster. They can almost all be absorbed by Lumwana.
its nice to learn that Dr M Mpande has gone back the school of Mines, unza. you are better off and respected contributing to the development of this country from such institutions than in the company of chilubas, tetas, mulongotis.
I believe for now there’s no need for these guys to retrench workers, they have been swimming in huge profits for the past years and are still able to realise profits with the current prices.what we should learn as a nation is to diversify this economy from mining to Agriculture or tourism?
Hoping for the best.
#34 You are right. RB should have sent a business team to DRC. Those miners lost jobs bcoz of lack of concentrate.
What is the Govt position on this. Is DRC going to resume exporting concentrates? Is it final, no more exports at all. If they will resume then the miniers could be hired again. The Mines Minister should be more proactive, engage the foreign ministry and go out to DRC.
Actually, I think the meeting in the article was a waste of time. May be they should have been discussing diversification of our economy. There’s nothing new these chaps were talking about.
One wonders if the prof is really speaking as a concerned citizen or an induced cadre. Honestly speaking china & India are emerging economic powerhouses who rely on the USA and Europe as their biggest economic trading partners. If the USA and Europe are clearly in recession does the prof think they will still trade at the same previous high levels? Does the prof seriously think the USA will rather spend huge amounts on china & India than on stabilizing its own economy? These chaps should be honest enough and prepare the nation for worst scenario in the event the so called “it will come to pass” statement takes longer than 2 years, since the big developed countries having stating that the rec
#17 Chewe,all the best.
Chewe can you tell us where are you going does it mean that you will not be connected to the internet. Baby C and Sarah will miss you a lot so as everyone.
31 Zig Zag. I agree with your views generally, buti disagree with the assertion that there is “no end in sight”.
Governments of the world will make it their priority to ensure the recession reverses. China has unveiled a $580bil spending plan to boost the economy. Hopefully this may kick start growth.
Prof Lungu is correct to say it is a passing phase. It would have been better , however to mention that the phase may last longer than anticipated.
Hi every one
Hi every one i am G
hey guys its really been long since i bloged on this site.mwale should be fired immediately how can da whole mining enginneer failto run da mines he is degrading our proffesion as mining enginners.abash mwale n abash rb mwapya we r kaming in 2011.
Undertaker,sarah,and the rest i wil be connected to the internet and am not going anywhere.
You are Welcome new guy!
Ba chewe Mwacimpwisha amaka the way you wrote kwati ni will
Ba John Lungu, is that true what you are saying. Let time be the best judge on what you’ve said.
Nice to hear from Dr Mpande fondly referred to as PAPA in the Engineering circles. We value your contributions
Chewe, you sounded as if you were leaving,going to a remote place. It is nice that you are back or has sombody-else starting blogging as Chewe
Guys I am very annoid with pipo who kip on saying this is a blobal crisis, so what? That is not an excuse for these voted MPs and government officials to fold their hands and sit back. “Global” is not a country but a collective term for our universe/world, therefore each country world over are biz with their technocrates trying to find a solution to this problem. If there is no food in your home don’t tell your children its a community problem, they will not listen to that. We voted for you for times like this.
#17 chewe, please dont leave without telling us where you are going. The only place where you can not access internet when you are there is “down yonder”. Please assure us that you are not on a suicide mission..
All the same we’ll miss having you on this forum my brother
Chewe, I hope you are not among those that are being laid off by the mines and thus you may not have internet access. Capitalists will always go to where the money is. Time we learnt that a lot of UK towns were dependent on mining along time ago, they are no longer doing so but have gone transformation to focus on manufacturing. We need to transform our towns and ultimately economy so it can depend on manaufacturing or sustainable agriculture to survive long term. This way more peopel will have a choice of better pay elsewhere unlike the situation where all want to work for the mines and end up being exploited. We need sober policy makers for that not national resources plunderers.
Iwe, new guy, you are welcome but you will have to come for orientation, I am the usher on this blog. Terms and conditions apply, no insults, we need consistency, abit of humour and you also need to respect old guys on this blog like Under Taker, Baby C, Chewe, Annonymous, Ponyax and the rest wamvera? Even if they say somwething off the mark, don’t argue just present your views in a different and polite way, ok?
Iwe #56 myself dont act like a captain wilatinya umunobe ati kwaliba ba under taker to sort him out kuti abutuka.
China is a powerful economic locomotive in the world because they did their homework. After getting their independence they rejeccted all economic aid from the western capitalist economy world which was designed to make our economies subservient but instead opted to build their own nationaly integreted economy.
can someone educate me on when and howlong this global recess occured,it seems prof.Lungu has vast experience,his words are encouraging but unfortunate more employees are being laid off!we dont want the term’STABLE’ when things are actualy worsening,so far am analysing few samples of copper in the laboratory as compared to the past months,its dangerous!can economists say something please,am a scientist and you better understand the animal GLOBAL RECESS…….BWAFYA…
Its just that,i wont be contributing.But i wil be just reading your comments sometimes.The way some people react here its amazing,the other day i was insulted for telling that guy not to insuit.That guy insulted undertaker,pumpy and other guys for telling him not to be insulting on this blog.I feel its not good like that.I wil be reading your comments sometimes.
Did I miss a comment from His Excellency RB on the global economic situation and how it is/will affect Zambia and the steps Zambia is taking ? Or HE has no clue?
@56, you left out Maestro
Guys I want to ask a question that is alwayz troubling me. Why is that countries where blacks are ruling around the world are generally under -developd. We have high poverty levels and wars. India’s population is bigger than that of Sub-Saharan Africa but the population of the poor is smaller than in sub-saharan Africa. If some people feel offended by my question I am sorry. I am just a proud but sad african
Can some one tell do you whats happening on the copperbelt. for you own information these investors are just putting pour country in shambos. i have a job but look at what happning and those figures they are saying who have lost employeement are not tru. AAC ming contractor for Mopani has retrenced over 700 employees, Prosec also contractor for mopani also abount 1000 employees who have been given latters of redandunce by december all are loossing jobs, clasic mining contractor about 220 employee, Rochmec about 100, gladium 100 employee.ect. This is a true situation on the copperbelt. Lets not pretend thimgs on the cb are bad, may the gRZ do something to save its people
Welcome new guy at #45. Indeed this is a passing phase just as slavery was but it took 400years, or the boom time for copper was also a phase but it also only took 4yrs!! So how long is this damn phase and what do we do before its over?!
#56, also Shetani and Osama Bin Zed, I don’t know were these guys have disappeared to.
#63, that is a puzzle to me as well. It seems there is something working against us. KK inherited a alot of reserves and a thrieving economy but all that can be seen today. Just keep your eyes on RSA and see how things will be that side soon when my colleague Zuma takes charge
@63, you are very right. Almost if not all countries where there are blacks, talk of HAITI, Sub-Africa are damn poor. I tend to wonder, Should we continue to blame the white man? How come countries like Malaysia have become powerhouses of Asia from nowhere? Is it that blacks we are lazy? Some one to explain to us such disparities
#64, I am on the belt as well and things are bad, things are bad mwe bantu. Ba Big Man, save for his typos, nabalanda….job losses are not only confined to the Mining houses but also affect the sub-contractors, small and big! Atlas Copco, Barloworld, Sandvik, even small guys Joe Valves fimo fimo and Mary Pipes….anyway, I stop here but I guess you get the picture!
we saw little social responsibility by our mining firms wen things were good. i think these guys have made enough profit to see them thru. let them not use the global recession to hit back at zambians for the windfall taxes th govt has introduced. mining is still profitable. most of the contracts these guys are operating on were made b4 the crises.
63. History of colonialism and then neo-colonialism disguised as multi lateral/bi lateral relationships played a major factor in slowing africa development.
Having inherited huge reserves at independence, KK’s policy was that of distributing wealth and not really creating it. ( no capital investment in industries) Late 60’s to early 70’s there was a world reccession, similar to the one we are experiencing now and most of africa went into debt.
That was followed by yrs of high interest payments and loss of control of the economics of africa to IMF/Worldbank who have their own motives.
Trade imbalance, lack of investment in education, global monetary system, corruption and lack of
Chewe sorry to hear about that I remember at one time I came out so hard on you because of the comment you made. I am sorry about that please continue contributing. Those who insult are just the crazy guys.
WHAT WILL HAPPEN TO THOSE WHO WILL BE RETRENCHED?WIL THEY BE RE-EMPLOYED ONCE COPPER PRICES PICK UP? YOU EVEN HAVE THE GUTS OF SAYING “DICLINE IN COPPER PRICE IS A PASSING PHASE” WAKE UP PROFESSOR! SINCE THE KAUNDA TIMES, VERY FEW ZAMBIANS HAVE BENEFITED FROM THE MINES.
69 continued. lack of accountability. the list is endless and it would take a whole day.
However, our position has nothing to do with our skin colour although thats what people would have you believe.
Against all odds we do very well when put at level footing with other races in the same environment so there are no inherent weaknesses.
Chewe why will you stop blogging. Forget about that guy who insulted us. So where are you based. If you have gone broke I can send you some money. Just give me yo fulname and address. I can also send you me to you talk time
Globle financial crisis, a reality? It is like all the family members are home and the doors are locked and then someone says,’we have lost money just now’. Where do you could be the money? Within the house. Someone is holding onto this money to create an artificial shortage. Let us ask our troublesome Jesuits of America,they will tell us the truth. Shalenipo!!!!
The War on Iraq is partly to blame for this “Global Financial Crisis”
#67 what you are saying is true. I feel we can önly develop through identfying where we go wrong as blacks. We should stop pointing fingers at others. White, Chinese, Indians etc were once poor like us but hardwork has helpd them develop.
Can someone blive that bwana mkubwa is offering a one month each year served’ to employees? This is proper corruption! Some one went bhind employees’ wats goin with the government? Pipooo!!!
Ba Prof na baDoc, if its a passing phase, then why should the govt offer them tax exemptions. if its really a pass phase, lets just wait a bit and the prices will normalize. But I doubt, it might take 1 or 2 years for copper prices to go up again.so these professors need to give the govt the real picture accompanied with solutions. Look at the American bailout plan it has even increased to $800b.
These infestors cant react this fast at dumping the workforce..they make astounding profits in the past which should hav cushion these dry times..blood suckers..we should not feel pity for them coz they would not care a cent if its us zambians who needed help.
No:66. Nothing is working against us.It is ourselves who are working against ourselves.For instance look at the Zimbabwean crisis. Thabo Mbeki and some SADC countries are in support of Robert Mugabe who, I feel, has outlived his usefulness.The man has messed up things in Zimbabwe but he still has support among learned men like Mbeki. This, among other problems,is what is making Africa lagg behind in development. look at Congo DR. The country is rich with natural resources but poor ;the river Congo alone has the potential of producing 39,000Mw of power which can light up Southern Africa.Zambia has abundant water resorces but still lags behind in Irrigation farming
mwaniibala guys i was still recovering from last months elections and consoling ba sata.am now back”
That is wat they said in 1974 an look where we are.
Those guys are cutting off their work force because they don´t want to spend all the profit they made when the prices for copper were high.
No the Zambian people are not all lazy, least they were not when I lived and worked there.(Ok 30 yrs ago) They are willing workers who all seemed keen to get a job and worked hard when they got one. The main problem in Africa is the tribal issues. I remember a Zambian going to Rhodesia to work under white rule because she was of the wrong tribe and felt she would never get a fair deal in Zambia. You really need to bury the hatchet, and not in each other. What happened in the past should be forgotten. Stop passing down the stories of how this tribe raided your village 3 generations ago. We are all different now. You are all different now. Forget about the past!! YOU CAN’T CHANGE IT!!
#85 interesting advice thanks! Very true about the past…
It is now and the future you need to concentrate on. You have the land and the climate to grow anything you want. I still remember getting lovely huge red tomatoes in my garden from a packet of seeds I bought in ZOK for a few ngwe. Most of the country has virgin soil, unused in the past for growing crops. You should be exporting pineapples, avocadoes, sweetcorn, oranges and lemons. They all grow easily in Zambia. They are expensive here in the UK, so grow more and sell your excess here to earn more foreign currency. Zimbabwe has been ruled by an *****. It was the pride of Africa before he took over. Tobacco was a prime earner, and they were self sufficient in everything but oil. Real shame.
Roughly 1070 days before 2011 elections. electronic countdown please.
Undertaker is right, the Congo and Zimbabwe are poor but have all the resources. Obviously resources alone are not enough. You have to manage them properly. Seems that has not been done in Zambia too well since I left. KK ran a tight ship and I am sure he was honest, shame that is not true of all the African leaders. They get power and they become corrupted by the new power. Zim has been robbed blind, but those under Mugabe are keeping him in power while they enjoy the rewards at the expense of their own people. They know that if he is kicked out they will loose their priveleges. Don’t they care about all the suffering they are causing? Seems not!!!
Don’t know how I got hte green/yellow flag alongside my name, should be a Union Jack, anyone tell me how I can change it?
Chewe this is Pumpy, i just want to encourage you that stopping to blog is not a solution, i was also insulted and these who insult dont last on this blog and for you to stop its as if you have let them win. Dont go pls
Chewe where are You. It’s nice having you around
Where is Fine?
Africans will never learn to manage themselves. they will always be poor. Africa is a scare because of its people and its leaders.
Lets face it. it doesnt take a rocket scientist to predict that copper will not always fetch $8000/tonne when jst 8 yrs ago it was selling at $900/tonne. So the question remains….. what do you do when its not as high?? The answer is simple and straight forward. DONT BE TO RELIANT ON IT.
SO DIVERSIFY IN TO SUSTAINABLE FORMS OF INCOME GENERATIONS. AGRICULTURE!!!!!! you thick heads
when I came on board, i didn’t introduce myself.
Note me guys!!
I am welcome becuase am a serious investor
Investor or infester? Which one
Pumpy, It’s investor.Let us not call them names like infester. Investors are very important to all economies in the world.
No;93. You are very correct but dont call us thick heads.Zambia needs to identify other sectors that can propel national development. Agriculture, tourism and other sectors can greatly contribute to national development. For agriculture to flourish we need to have good roads and a good marketing system. We can be a big exporter of crops like maize and wheat.We need seriuos leaders to achieve this. I give alot of respect to Kaunda and his goverment for having set a good foundation for our country. The guys were of humble education but moved this country forward.Who built UTH, Mwembeshi earth Satelite, Hydropower stations e.t.c
Please kindly be informed that there will be a memorial service at Leopards Hill Cemetery Today for the PF’s loss of 2006 and 2008 elections. The programme will be as follows (1) Lung bursting laughter by F.T.J. Chiluba on the 2008 Loss of elections by PF(2)Gnashing of teeth by the PF executive on the 2006 and 2008 losses ( Sata and Lubinda will lead the gnashers). (3)Laying of wreaths of unfounded evidence of 2006 and 2008 election rigging. (4)Unveiling of the tombstone of defeat inflicted on Sata by RB ( VJ will unveil the tombstone). (5)Closing wailing prayer by Sata on the end of his quest for Zambia’s presidency
#2 that is an intelligent thinking.we don’t want our childeren to inherent a country full of holes.The so called investors who are actually infesters are busy disfiguring zambia and their countries are benefiting.Lung has even admitted that India and china are developing at the expense of zambia.
It seems bloggers are tired. Are you sleeping guys? If we were talking about sex people would not be sleeping or tired
maybe we should accept our level on the food chain.
copper boom or no boom common lives are still the same.
someone said why worry when you do you die and even when you don’t you die,so why worry or concern yourself with copper prices?
we have been living in recession and depression from birth so what has changed? the figures our copper is bought at? or is it the reduction in rations for the prevaleged? lets just continue iving and hope we die soon.
Pro Lungu is looking for a job in the Government and he is a failure.He failed to run the Copperbelt University while he was a Vice Chancellor and the man is disgrace as you can read from his contributions that he is in different world.The financial problems the world is currently facing will affect both India and China in both short and longrun.wake up Lungu!
98. You should grow up!
Now you know why I have such contempt of our so-called educated in Zambia. Folks are losing their jobs, and hence their livelihoods and this “professor” says it’s a passing phase things will be okay soon? Will the jobs be given back to those who have lost them? Don’t be ridiculous! I’ve heard similar silly statements from those in government saying the global economic crisis does not affect Zambia!! Keep on dreaming!! Millers, import maize from outside and put on your own prices so that these “ostriches” know that Zambia is not an island as they fantasize it to be in their dreams.
“A mine can only close if there is no copper or it is not happy with the prevailing Government policies but not because of the global economic recession,” Dr Mpande said.( did he really say this??)
china has bn affected by the financial crisis. thats y its demaning less copper. supply has exceeded demand and therefore copper price has fallen. with less income, mining companies can retrench workers or even close despite there being a lot of copper. we shud learn from congo and also stop the export of some of our unprocessed goods and encourage value addition..
As it has recently been “discovered” that copper pipes, taps and basins seem to resist the so called superbug in hospitals I would assume the orders from around the world should be coming in thick and fast… let’s hope we sort out our own hospitals first though. Diversity is the key. If there is one thing I believe from the heart it is that Zambians can achieve anything. Let’s up the creativity and stifle the greed.
Prof You are misleading the nation
The growth of China and Indian economies is expected to reduce drastically because of the slowing import demand from USA and Europe . This realistically means that China and India will have to reduce the current production rate to match the available export market.
This global crisis will be around for a little while. The CBU professor is using confidence as a vehicle to solve what is a problem that is practical. Expect a lttle more problems to surface. Alot of countries are going through some hard times and they trading parners with Zambia. Be prudent as you make your business decisions.
Now I know why I find myself in present circumstances.No job, no money, no future, no leadership to follow and a text book professor who thinks the economic problems are a passing phase.If the professor has a child who steals, would he think that is a passing phase?
This is of course a very dull professor with no vision, his speech is full of stutters!!!!!…
Is Zambia all copper? Am I going to put 2kg copper on one plate and some vegitebles on the other for me to have my meal for the day. Kaunda was right when he had the go back to the land policy.Its unfortunate that the policy is being enjoyed by few Zambians the rest of us are busy spending time analysing the copper price and the market wich we will never control may be in the future but not now.
I personally refuse to think copper is the only resource. God has given us rich land also We really have to expolre this sector
No matter how I support who ever pollitician non is going to bring food on my table because they too have to feed there familiies and thats why they do what they do