Lubambe mine has announced that the mining company is this year projected to increase production by over 60 percent.
Chief Executive Officer (CEO) Nick Bowen said in Lusaka yesterday Lubambe mine last year recorded a 22 percent increase in copper production.
He said this after a meeting with Republican President Edgar Lungu at State House in Lusaka, this morning.
It produced 22,000 tonnes of copper which is the biggest increase that has happened to the mine since it was opened.
Mr Bowen said this year the mine again is projected to produce 36,000 tonnes of copper increasing production by over 60 percent.
This will help the company achieve its design capacity of 45,000 tonnes by 2020.
On the new tax regime Mr Bowen said government is looking at earning enough from the mines and that what is important is stakeholder engagement, which is already happening.
He said the mine will continue operating and will not cut down on jobs.
” We have been working closely with the government. We understand their objective is to get more income for Zambians and the increase in production is going to deliver so much more in taxes. The more we produce the more taxes the government will earn,” Mr Bowen said.
The mine has over 1,250 employees and 1,250 contractors,” the great position we are in. We need more workers, not less” he said.
He, however, assured the Head of State that the mine will not reduce its workforce as the current one has managed to increase production for the firm.
Mr Bowen said the mine has discovered 200,000 million tonne new ore body with a seven (7) million tonnes of copper at eight (8) percent, which is a high-grade rate according to global standards.
He said the mine is now processing all the neccessary papers with government to start explorations and is expected to invest US$500 million in its operations from next year.
This will create more than 1,000 jobs at construction stage, which will take five (5) years and over 2,000 new jobs will be created when the mine becomes operational.
LT , you reporting assumes a lot , do all your readers know where this mine is ????
Where, which province is the mine in at?
What mineral do they specialise in?
Let’s roll …
Mr Bowen said the mine has discovered 200,000 million tonne new ore body with a seven (7) million tonnes of copper at eight (8) percent, which is a high-grade rate according to global standards.
He said the mine is now processing all the neccessary papers with government to start explorations and is expected to invest US$500 million in its operations from next year.
These are all projections why dont you invite people to State House when they actually achieve them …Anil the Indian Vendata Chairman visits State House every year with fake pledges.
It seems its easier for foreigners to see this lazy Lungu than Zambians that put him in there who he can not address via a press conference.
Just looking at the interior of State House in there with a 1960s plywood wall covering and 80s type settee with eyesore carpet one can conclude that the place seemly needs a professional interior designing company with Global track record not Ester or Veep Bo Inonge taking charge. You just need to spend $2 million to reinforce the building and modrnise it not $20 million on new structure.
Bufi fye!! ubufi fye!
Seems the mines are jumping on the new tax double decker. hh-sangai kwele, shiki polomya yamu gwila. Ba Lungu- bai kwela kale…kwekwekwekwekwekwekwe….
The mines are waiting for hh. They call him day and night.
Yes, the miners are buying on time. 2021 is around the corner.
They should also start paying suppliers promptly rather than after 140 days
Progressive
Lubambe Mine is in Chililabombwe at the old Konkola mine site near the DRC border. They produce copper using trackless mechanised post pillar cut and fill method. Is that OK for you @1.0
Oh one of the shareholders is South African Patrice Mostipe brother in law to Cyril Ramaphosa of RSA.
No…..that is not ok….why does it take a PF mouthpiece to tell us where the mine is, for all we know it could be under statehouse, why are LT not doing their job of reporting properly ??
I don’t have to belong to any party to know where a mine is in Zambia. If you want to know where this mine just come to Zambia although I know you will not because you may be an illegal alien. And why do you have to bring in politics in everything? Lubambe is for all Zambians regardless of their politics .
@Ndange Motsipe sold the mine to these guys EMR Capital and is not a share holder. Motsipe used to pay supplies and contractors within 30 days but these guys takes about 120 days and since inception have never offered any incentives to employees
The truth is in the “FEASIBILITY STUDY!” Zambia needs to ask for one to see if the numbers add up. This is the problem with Zambian’s. We are too quick to accept instead of checking everything with a fine tooth comb. Didn’t the Australian’s try to do this with Lower Zambezi? Trying to ruin our wildlife and Zambia’s future potential for tourism and tourism revenue. Harry Kalaba was behind it until Zambian’s came together and there was a public outcry and uproar! Always remember, there is someone behind the scene’s pocketing from these projects before the hard and honest hard working people. Don’t be fooled by potential income. Always research!!! Is Lungu wearing white socks??