Business

Over $500m to be invested in UMCIL

TRYNESS TEMBO, Lusaka
OVER US$500 million will be invested in the expansion of Universal Mining and Chemical Industries Limited (UMCIL) next year to increase production from about 72,000 tonnes to almost 120,000 tonnes.

Kafue Steel Plant has the design capacity to produce about 250,000 tonnes of steel products but the company failled to reach it because of load shedding which the country experienced previously.

UMCIL technical director Julius Kaoma said the company will also put up another plant and increase the direct reduction iron (DRI) to meet the targeted production.
“Currently, we’re producing about 72,000 tonnes annually but by…http://epaper.daily-mail.co.zm/

Tender

Facebook Feed