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Tuesday, 4 September 2012

Mine Watch (Various)

China's Chingfa Mineral Resources Limited last week announced plans to invest about US$500 million in its new mining opportunity in Mokambo. The mine is expected to be fully operational in two years time would allegedly create around 3,000 jobs maximum, will production of about 50,000 tonnes of copper per year. [the employment figures are obviously anybody's guess]. Exploration works end in October

Clive Chirwa has recently been vocal on the issue of mining taxation :
The people who own the mines are taking away 98 per cent of the revenue and our share as a country is two percent. You cannot develop a country like that. You cannot build the roads; you cannot build schools and hospitals. If you look at the performance of those countries where our mineral resources are taken then you can see that we are tremendously losing on everything. China which takes our copper produces more than us…Zambia has just moved from three percent to six per cent on mineral royalty and they are telling us we cannot impose a higher royalty on the mines and they threaten to pull out but in their country they get 24 per cent.


  1. Zambians are being robbed, poisoned and their/our environment destroyed. The people receive no benefits from mining - mostly conducted without their permission. The Pf government does not ensure that the Mines and Minerals Development Act of 2008 is adhered to. The Zambia Environmental Management Agency is asleep on its watch (have a look at its website), the Zambia Wildlife Authority sits back while the mining of protected areas advances. Mining companies keep their investors in the dark. Zambezi Resources Ltd in its pitch to investors makes no mention that the Kangaluwi copper project is in the middle of the Lower Zambezi National Park. You can bet that the Chinese Mokambo project advances rapidly with no safeguards and no earnings for Zambia. Who is prepared to stand up in Zambia against this?

  2. Someone else thinks people should work for next to nothing.

    (CROOKS AND LIARS) World's Richest Woman Suggests $2 a Day Wages for Australian Miners
    September 05, 2012 04:00 PM
    By David

    The world's most wealthy woman is warning that firms are in danger of having to abandon iron-ore mining in Australia if wages are not cut, pointing out that African miners are "willing to work for less than $2 per day."

    In a video recently posted on the Sydney Mining Club website, 58-year-old Gina Rinehart -- who has amassed a $18 billion fortune through iron-ore prospecting -- said that Australia could be more competitive by emulating Africa.

    "We must be realistic, not just promote class warfare," the billionaire explained. "Indeed, if we competed at the Olympic games as sluggishly as we compete economically, there would be an outcry."

    "The evidence is unarguable that Australia is indeed becoming too expensive and too uncompetitive to do export- orientated business," she insisted, adding that "Africans want to work. Its workers are willing to work for less than $2 per day."

    Under current exchange rates, $2 a day in Australia is worth about $2.04 in U.S. dollars.

    "It's not the Australian way to toss people $2, to toss them a $2 gold coin and then ask them to work for a day," Australian Prime Minister Julia Gillard told reporters on Wednesday. "We support proper Australian wages and decent working conditions for Australian people."

    Rinehart came under fire last week after she wrote a column urging those "jealous" of the wealthy to "spend less time drinking or smoking and socializing, and more time working."


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