Business

Firm sets aside $30 million

TRYNESS TEMBO, Lusaka
BLAZE Metals Limited, a Ghanaian firm, has set aside over US$30 million to explore for copper and cobalt in Chingola.
The company, which operates in precious metals with presence in Dubai, Democratic Republic of Congo (DRC) and now in Zambia, intends to start exploring for the two minerals by the end of this year.
Company chief executive officer Oheneba Opoku said the venture has been necessitated by the taking over of the exploration licence of Workman Construction Zambia Limited in Chingola after facing inadequate capital.
In an interview last week, Mr Opoku said the mine is expected to create over 1,000 jobs for the locals.
“The necessary transfers of the licence by the authorities are underway. We received ministerial approvals early this month from Ministry of Mines and we are now waiting for the transfer of ownership http://epaper.daily-mail.co.zm/

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