President Edgar has yesterday commissioned the US$323 million synclinorium shaft at Mopani Nkana Mine in Kitwe.
And President Lungu congratulated Mopani mines for completing the new shaft saying that government will support the mining giant to complete other major projects as well as help the company achieve its vision.
ZANIS reports that the Head of State stated that the synclinorium shaft renews hopes not only to the mining industry, but to the nation as a whole.
He added that the expansion of mopani’s mining activities clearly indicates the confidence investors have in Zambia’s political and economic environment.
President Lungu stressed that the development was also a mark of confidence in government’s resolve to turn around the economy of the coperbelt province.
He said the launch of the plant is not only important to mopani copper mines but to all stakeholders, including government, the industry and the nation as a whole.
President Lungu reiterated government’s support to the mining sector as evidenced by the recent changes to the mining regime, stressing that the adjustments were effected in an effort to enable the sector remain viable during the period of low metal prices on the international scene.
He said he was happy that Glencore has also set aside a further US $1.1billion for a number of other projects aimed at transforming mopani into a modern mining operation.
President Lungu also urged Mopani and investors in the country to create job opportunities for the people in view of the mines new investments in order to alleviate the effects of job losses that occurred as a result of scaling down of mining operations.
And Mpani Copper Mines Chief Executive Officer Johan Jansen has assured that the minning industry in Zambia is still viable and productive despite the low prices of copper on the world market.
Mr Jansen stated that with the official launch of the synclinorium shaft at mopani, the life span of the mine has been prolonged from 25 to 50 years, adding that this will also secure jobs for miners.
The Mopani Chief also assured government that the mining giant will continue to contribute to the treasury for many years to come.
Mr Jansen stressed that Mopani will further continue to play its corporate responsibilities by supporting communities in several areas of sports, health, infrastructure development among others.
The synclinorium shaft is among the projects that Mopani has planned in its upgrade programme aimed at prolonging the life span of its mine.
The project commenced in 2011, and has been completed at a cost of US $323million.