Business

Cobalt mine project set

KELLY NJOMBO, Lusaka
AFRIQUE Nama Mining Limited (ANML) intends to develop a cobalt mine in Mushindano district, Copperbelt, at a cost of US$10 million.
The project is expected to create about 300 direct jobs and further support about 500 people indirectly.

This is according to an environmental impact assessment (EIA) report by ANML submitted to the Zambia Environmental Management Agency (ZEMA) and obtained by the Daily Mail last week.

“ANML’s main objective is to construct a mineral processing plant to process copper sulphides and cobalt-based ores and meet demand for cobalt products.
“The mine will comprise of an open-pit mine and a metallurgical processing plant with a total capital investment of about US$10 million,” the report reads.
It says the operation will use an established open-pit mining and mineral processing technology and about 750, 000 tonnes of cobalt ore will be produced annually.
On the positive social-economic fronts, the project will contribute to increase government revenue and enhance industrial and infrastructure development.
Other benefits will include increased production of cobalt needed for the Zambian industry, increased business opportunities through procurement of goods and services.
However, the project has the potential to pollute the air, reduced access to farms and worksites, and community disruption by non-local construction workers.

 

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