Chambishi Metals sends off 170 workers home for 3 months with full pay

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Chambishi Metals in Kalulushi has temporarily shut down its Cobalt plant and sent 170 workers home for 3 months.

Chief Executive Officer (CEO) Hira Singn said that the mine has temporarily suspended its Cobalt production for three months due to non-availability of Cobalt feed to the plant.

Dr Sign explained that the 170 workers will be sent on leave for 3 months but will get their full pay.

Dr Sign was speaking at a meeting with Mine Workers Union of Zambia, management and area Member of Parliament Rayford Mbulu at Chambishi Metals yesterday.

Mine Workers Union (MUZ) President Chishimda Nkole said he is happy that the workers are going home with a full pay for three months and will still have their jobs after the three months suspension.

Mr Nkole has urged the workers to remain calm as no one will lose their jobs during the three months.

Area Member of Parliament (MP) Rayford Mbulu said contrary to reports that the mine is closing, the investment was to stay and people will still have their jobs.

He has urged the community in Chambishi to remain calm as management at the mining firm resolves the issue.

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16 COMMENTS

    • U don’t knw dat kabÍmba is a useless man who has failed in different ministrial posts so what do u expect dat fool 2 give us?Dem wit red lips as if he takes Kachasu.

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    • Kabimba is a useless fool who as failed in several ministrial posts in different govn’ts wt red lips as if he takes kachasu shame.

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  1. Prices for all base metals on the international market keep plummeting everyday so suppliers will hold onto their supply to try push the offers up with pressure on demand. Unfortunately for crude sweet Brent, looks like the U.S. has been very instrumental in pushing prices down in the face of trying to squeeze source of funding for their bitter enemy ISIS’. The recently signed agreement with Iran on nuclear enrichment will further push crude prices down which will benefit poor consumers such as Zambia

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  2. Mmmm I smell a rat! Sending them on forced leave for 3 months and they will be returned? Katwishi???

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  3. @mushota

    Your brother a member of the cartel and brother in law to winter rainbow party are going no where. They will disappear at the same time with the cartel because cartel = rainbow party.
    I would be ashamed to even be known as a supporter of the plunderers.

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  4. What is the reason for the three months suspension of the mine operation? we dont want speculations anymore baane. Just tell us and call a spade a spade not a big spoon.

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  5. There is no feed stock at the mine. That is the reality. After three months the mine will close.

    It will be painful for zambia when it comes to terms that the country has benefitted zero amd only left with an environmental problem.

    That is why it is important to plan and zambia does not plan

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  6. @Dontcare, you actually see the rat right in front of you disappearing and you say it will come back!3 months is enough time to pack all the equipment, close of the books quietly and they (3 months full payworkers) will find the employers relocated! Is MP or MUZ going to force them to restart operations? No folks, this is use your 3 months pay wise, you ain’t getting no more!

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  7. China’s Zijin Mining Group has expressed interests to invest in Zambias Copper mines and Gold Fields some common mines in Solwezi and Chingola Areas might be the target

    China Zijin Mining Group is a Solid Mining Group with massives depth in Financial resources and machinery to effectively contribute to the revenues in Zambias mining sector

    The Gov should not be shaken Copper and Gold resources will always find a quality investor to continue mining and providing a contribution

    They are slowly watching to invest in those distressed mines and Its a very good opportunity to ensure continuos operations of Zambias mining sector with capitalisation in excess of 50 billion dollars

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  8. Copper Mine Volume Profitability Analysis (2009-2013)

    Year Copper Prod(T) % of total revenue % of net profit

    2013 125,060.00 27.54 30.68
    2012 104,603.00 6.43 17.37
    2011 3,667.41 10.91 21.73
    2010 7,626.56 13.34 25.04
    2009 12,840.80 10.75 21.52

    Unlike other mines even in price exhibiting some backwardon for the foreseable Zijin has been recording increased profits with recent results released on the 20th March 2015

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  9. Hop they wil b called back kaya?Once u get da permission 2 go n attend da funeral u may find dat yr place at has bin replaced at place of work.Balilanda kale.Govnt shud make sure dat they follow dis investors clearly da 1 who owned CHAMBISHI metals n c dat o da workers re reinstated after de said three months kwapwa.

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