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Tuesday, 18 September 2012

Mine Watch (Various)

The Mwekera Copper project in Ndola  is on track to begin construction next year, with initial investment of US$5 million already made on the mine’s groundwork. The Chinese led firm, Macrolink, had earlier this year been served a "default notice" by Government for being slow in taking forward the project. It appears momentum has now resumed. This is a vital project for Ndola.

The proposal by Australia’s Zambezi Resources Ltd to develop a $494 million open cast copper mine in a game reserve has been rejected on environmental concerns. Zambezi Resources’ Zambian subsidiary Mwembeshi Resources said in March it planned to start copper production at the Kangaluwe project in the Lower Zambezi National Park by 2015. But a spokeswoman for Zambia’s environmental management agency, which has to approve all huge infrastructure projects, told Reuters the project had been rejected.

Mines Minister Yamfwa Mukanga on the next phase of mineral development in Zambia :
We have 16 producing copper mines, three new ones coming on stream in two years, backed up by existing and new smelting and refinery capacity..and known reserves for at least 50 years of future production. However, we have reshaped our mining investment strategy as we need to intensify exploration for the development of new mines and mineral based exports to deliver a new level of long term benefits from our resources...This more intense focus includes required new investment in our oil and gas potential, boosting manufacturing capacity to process a wider spectrum of minerals, and to parallel that growth with new manufacturing capacity for mining industry consumables....There is a major gap in Zambia’s economy in downstream processing our gemstones industrial minerals and dimensional stone and there are few if any local manufacturers of mining equipment such as drill rods, bits, jack hammers and piping....On that basis, we need both junior and large mining companies and resources investment houses, to install Zambia on their high priority investment agendas.
Construction of the K250 billion Universal Mining and Chemical Industries Limited (UMCIL) Iron ore processing plant in Kafue, has reached an advanced stage and is scheduled to be completed in February next year. This is Phase 2 of the Kafue integrated Iron and Steel project, called the Direct Reduced Iron (DRI). It is expected to create 1,000 jobs. Phase 1 of the project (costing $120m) is already fully operational, producing 7,000 tonnes of finished rolled iron and steel products per month for the local and regional markets. It has been targeting the local market and has exported to the Southern Africa Development Community (SADC) and the Great Lakes Region. It employs 700 jobs.

5 comments:

  1. Zambezi Resources Limited has had its intended Kangaluwi copper/gold mining project in the Lower Zambezi National Park and proposed World Heritage Site blocked by ZEMA. Game Reserves were abolished 40 years ago.

    How ZEMA could even consider an Environmental Impact Statement for a mining project in a National Park that would cover an area of at least 50 square km, destroying the park in the process, must be investigated.

    The Ministry of Mines - guided as it must be by the Mining and Minerals Development Act of 2008, must explain how this Australian Company were issued a large scale mining license in the first place. And what about the Mining Advisory Board and ZAWA - the latter supposedly there to protect the park ? But then Chikwanda has instructed them and other parastatals to register on the Lusaka Stock Exchange (LuSE). ZAWA are therefore in place to profit from wildlife and protected areas - not conserve them for the benefit of Zambians. Sata promised me that he would do away with ZAWA. The time for that is long overdue.

    One must also question why Zambezi Resources believed they could get away with it. There must have been some assurers in high places, not just Willie Sweta. ZL shares have now dropped 25 percent. They have appealed to the Minister of Lands, Natural Resources and Environmental Protection. We await his decision.

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  2. ipa manning said that zrl share holders will be out of pockect that hasnt happened.zambia say no to ipa manning this man needs to be taken to court for defamation which you goona be manning we will see how many friends you have once brought to juctice

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    1. ipa manning is offering zero$ to zambia zrl is offering wealth and a better life for zambians through mining zambia you must decide what you what for your people poverty to satify ipa manning or a better life for your people belief me if you decide with manning that means keeping zambians poor manning is offering nothing ask him what are you offering people of kungaluie his reply will be zero$ ZRL WILL REPLY full time employment and tax dollar again ipa manning and zema zero$

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    2. zambezi resources powers ahead with new funding they are now cashed up big time share holders are confident of bringing massive wealth to zambia come on aussie come on is the cry

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    3. DR IPA MANNING NOW HAS THE UPPER HAND AS THE ZAMBIAN GOVERMENT SET TO REJECT ZRL EIS WITH DR MANNING EXPERTISE HE HAS CONVICED ZEMA TO SUPPORT UNEMPLOYMENT AND NOW ZAMBIAN GOVERMENT HAVE A COMPENSATION CASE TO SETTLE WITH ZRL WHICH WILL RUN INTO THE HUNDEREDS OF MILLIONS OF DOLLARS WELL DONE DR IPA MANNING AND ZEMA

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