Business

Mopani to spend $1.2 bn on rehab

NKWETO MFULA, Kitwe
MOPANI Copper Mine (MCM)) says it will spend US$1.2 billion in the expansion of its mining projects on the Copperbelt.
And MCM has said it will continue to partner with local companies as a way of building stakeholders’ capacity.
MCM chief financial officer John Chiwele said this at a two-day Copperbelt Mining Trade Expo and Conference (CBM-TEC) at Mist Gardens, which opened yesterday.
Mr Chiwele said the development being undertaken by the mining company will result in the lifespan of the mine increasing by 20 to 25 years.
The company is sinking the syclinonum and mundola shafts and also upgrading the concentrator and sulphur plant in Kitwe and Mufulira, respectively, whose works are said to be progressing well.
“All the expansion works being undertaken by the mine at its two mines in Kitwe and Mufuira will cost US$1.2 billion,” he said.
On sulphur emission, Mr Chiwele said 95 percent of sulphur fumes in the air has been captured.
And Mr Chiwele said the mining firm is promoting local industrialisation by partnering with local companies.
Mr Chiwele cited Zambia Metal Fabrication (ZAMEFA) as one of the companies that partnered with the mining company.
“Our partnership with ZAMEFA started way back in 2000 and it now employees over 300 workers,” he said.
He said 80,000 tonnes of copper is supplied to ZAMEFA for its processing of electrical cables.
ZAMEFA exports over 80 percent of its products.
Mr Chiwele said as the company moves forward, it will support strong local sourcing with 80 percent to be sourced locally.
Over 1,300 suppliers are registered with MCM resulting in capacity building through their partnership.
ZINPRO is another local company that has partnered with MCM for the past two years.
Mr Chiwele said the firm is specialised in mine shaft infrastructure and has entered into a long-term partnership and is anchor contractor with MCM.


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