– Chinese firm pledges to create 5,000 jobs in economic zones
KABANDA CHULU,
JUSTINAH MUKUKA
Lusaka
CHINA Nonferrous Mining Corporation (CNMC) Limited has pledged to invest over US$1.5 billion in re-developing Shaft 28 in Luanshya as well as Chambishi Copper Mines and other ventures in the country.CNMC is the world’s leading copper producer, focusing on vertically integrated businesses of copper mining.
In Zambia it runs the Baluba and Muliashi mines in Luanshya, Chambishi Copper Mines, Sino Metals and Zambia China Cooperation Multi Facility Economic Zones (ZCCZ) in Chambishi and Lusaka.
And President Hakainde Hichilema says Zambia needs investment, capital and technology and better management to grow businesses and create a stronger economy that will ultimately ensure more jobs for the people.
During a meeting with President Hichilema at State House in Lusaka yesterday, CNMC chairman Wen Gang thanked the Zambian government for the unwavering support and the great trust placed on CNMC.
“I’m here to provide answers to concerns raised [by President Hichilema] during the FOCAC (Forum on China-Africa Cooperation) summit last month in Beijing,” he said.
“We are expediting the dewatering process at Shaft 28, at which we have pumped out 29.3 million cubic metres of water after having installed nine state-of-the-art submerged water pumps. That dewatering process is expected to be completed by end of next year for us to move to the next stage.”
He said the company will pay more attention to compliance issues as it expands and grows its investments.
“We are also ensuring technology transfers and also through training at the Luanshya Technical Vocation Training Institute and very soon we shall have Zambians as chief executive officers and in senior management positions,” he said…https://enews.daily-mail.co.zm/
