Finance Minister, Alexander Chikwanda, says Luanshya district is poised for economic recovery once
the dewatering of shaft 28 Baluba underground mine was completed.
Mr Chikwanda said that underground mining activities were an expensive but profitable undertaking capable of reviving the economy.
He was speaking in Luanshya today when he paid a courtesy call to the district administrative office this morning.
He noted that though underground mining had severe cost implications, operationalising shaft 28 once dewatered, would positively contribute to economic development.
The Finance Minister however was pleased that the Mulyasha Open Pit Mine was fully functional.
And Acting Luanshya District Commissioner, Kasemuka Mwalo, is hopeful that production in the mines would increase with the stabilising of copper prices on the international market coupled with government’s intervention of increasing electricity supply to the mines.
Mr Chikwanda, who is Patriotic Front member of the central committee, was in the district to meet party nominated candidates among other party functionaries in the district.