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Alba Iulia
Monday, April 6, 2020

Collum Mine Industries Limited Board thanks President Lungu for re-issuing its mining licence

Economy Collum Mine Industries Limited Board thanks President Lungu for re-issuing its mining...

Board and Management of Collum Coal Mine Industries Limited have thanked President Edgar Lungu and his
government for their decision to give back the mining license to the Mining Company.

And Board Chairman Suzyo Nyika has disclosed that the Mine company is investing over US$40million in the next for years towards infrastructure development, renovations and exploration.

Mr. Nyika said in a statement availed to ZANIS that the handing over of thee mining license is a sign of the confidence the government has
in the company.

He said the company pledged to President Lungu when he re-commissioned the mine last month that they will put Corporate Social Responsibility at the heart of the Coal Mining business in Sinazongwe district.

‘We are also humbled with the support we have continued to receive from Chief Sinazongwe, Area Member of Parliament Richwell Siamunene
and the local people who played a major role for the mine to be re-opened.

Mr. Nyika further said the company will work closely with the community to learn and understand the local traditions and cultures to
avoid mis-understandings as was the case in the past.

He said the company believes it can reduce risks and address stakeholder concerns by engaging in responsible businesses.
He added that they may have caused embarrassment to government and Sinazongwe residents because more emphasis was not put in demonstrating Corporate
Social Responsibility.

And Mr. Nyika said the company plans to increase coal production from the current 12, 0000 tonnes per month to over 40, 0000 tonnes.

He has reiterated their pledge to employing qualified workers and providing workers with protective clothing.

Mr. Nyika pointed out that the Mine Company is fully aware of its responsibilities of paying mineral tax to the Zambia Revenue
Authority(ZRA), curbing environmental impact and adhering to mining safety regulations.

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