Tuesday, June 18, 2024

LCM to reopen Shaft and Lufubu mines

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China Non Ferrous Metal Company (CNMC) Luanshya Copper Mines (LCM), is to consider the reopening of Shaft 28 and Lufubu mines owing to the increased copper prices on the international market, Patriotic Front aspiring Roan parliamentarian Nathan Chanda has disclosed.

Mr Chanda who is the immediate past mayor said CLM had assured him that it will reopen Shaft 28 and Lufubu mines once the copper prices hit between $8-$10 thousand US per tonne.

According to the London Metal Exchange LME copper is trading at $ 10,278 United States per tonne.

“The dollar has hit a record that we never anticipated as a people of Roan, when I was mayor of Luanshya I enjoyed a cordial relationship and a warm working experience with CLM and it was then during one of the engagements that they assured me that once copper prices reach between $8,000 and $10, 000 per tonne they will consider reopening of 28 shaft and Lufubu mine and we will continue pushing for that,” Mr Chanda explained.

He noted that with Luanshya and Roan constituency being a predominantly mining town, reopening Shaft 28 to mining activities will help spur the district economy and create jobs.

“Since luanshya is predominantly held by miner, we are going to make sure that we push the issues surrounding the miners and ensure we serve the people” he said.

And LCM Public Relations Manager Sydney Chileya said the mine is undertaking feasibility studies in a number of areas and that future action would be announced once studies were completed.

“As you aware copper is a diminishing resource and once we mine out its not replenished, there we are carrying out feasibility studies in a number of areas as a way forward” he explained.

A roan resident Jacob Mwepu appealed to government to compel CLM to reopen 28 Shaft to create jobs for the people of Luanshya.

Another resident Martha Mwenya, a trader said reopening the mines will help to revive the economic activities in the district.

“As a trader I depend on people having money to support my business, and once the mine was reopened the people will have jobs and money to promote us traders, our goods will sale” she observed.

Shaft 28 got flooded in February, 2008 and holds an estimated 80 million cubic liters and will take a long time to drain.

9 COMMENTS

  1. Congrats to whoever wrote the prayer for hh that he posted before heading to submit his nomination. It’s a good prayer. Shows that things are hard, even those that have mocked prayers in the past now realise the power of prayer. God bless Zed.

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  2. Beware of Mulungushi textile type of promises, this is one of them. All deposites are finished in those mines what are they going to open, copper prices are not high only today, they have been above $6000 for 5 -6 years now and now above $9000. all this time they they didnt see the increase, the closed not coz of price but lack of ore,

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  3. This is based on Nathan’s discussion with LCM many years ago and the copper prices have since exceeded $10000 but the shaft remain closed? When I saw the headline, I thought it was statement from the owners of the mine, if it is a politician, forget!!!

  4. The following companies are also re-opening;
    Livingstone Assemblies
    Mansa Batteries
    Dunlop
    Zimco
    Memamco
    UBZ
    Kapiri Glass
    PF is the best ECL 2026 and beyond

  5. Did the editor re-read this story:
    “The dollar has hit a record that we never anticipated as a people of Roan, when I was mayor of Luanshya I enjoyed a cordial relationship and a warm working experience with CLM and it was then during one of the engagements that they assured me that once copper prices reach between $8,000 and $10, 000 per tonne they will consider reopening of 28 shaft and Lufubu mine and we will continue pushing for that,” Mr Chanda explained.

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