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Mwale tells govt to give Sino-metals a licence

Former Mines and Mineral Development Minister Maxwell Mwale has appealed to government to grant Chinese-owned mining company Sino-Metals Leach operating in Chambishi on the Copperbelt, a mining license for its new Mwambashi mining project.


Government recently refused to issue a mining license to the new project with the investment of about K335 billion if the license is issued.

Mr. Mwale says Sino-Metals, Mwambashi mining project will create a number of jobs for the majority unemployed youths in the country when it becomes operational.

He says the delay by government to issue the company with a mining license for its Mwambashi plant is against the government%u2019s pronouncements of more jobs.

The former cabinet minister has pointed out that the recent jeering of President Michael Sata at the just ended 86th Agriculture and Commercial Show is a clear indication that he has failed to deliver on his campaign promises.

He says the President should therefore focus on promoting investment such as that of Sino-Metals which will create about 600 jobs on the new plant.

The company recently said it will have no copper ore to treat in the next two months because all the tailing dumps at its current mining sites have been exhausted and has now started panicking on how it will sustain the more than 400 jobs.

The firm is also struggling to meet the cost of production and its statutory obligation as it has exhausted all its tailing dumps.

( Saturday 11th August 2012 )

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