Government’s Move to Restore Mopani Copper Mines Sparks Hope on Zambia’s Copperbelt
The government’s decision to restore Mopani Copper Mines has ignited optimism among residents of the Copperbelt Province.
The move, which involves the introduction of a new equity partner with a 49% stake for ZCCM-IH and 51% for IRH, marks a crucial step towards revitalizing the local economy and enhancing the lives of Zambians.
The Vedanta Must Return Community Campaign Movement, representing the voices of residents in Chingola and Chililabombwe, hailed the restoration of Mopani Copper Mines as a milestone for the region.
Chishala Mwamba, Movement Coordinator, highlighted the anticipated employment opportunities, particularly for youths, as Mopani aims to hire over 2,000 individuals.
Mwamba emphasized the significance of this development, noting the stagnation experienced in mining townships like Chililabombwe, Chingola, Mufulira, and Kitwe over the past years.
The restoration of Mopani under Vedanta Resources is expected to mirror the positive transformation witnessed in Mufulira and instill confidence in the government’s commitment to deliver on its promises.
With investments totaling $1.1 billion from IRH and a commitment of $1 billion from Vedanta Resources, Mopani Copper Mines is poised to play a pivotal role in Zambia’s economic growth.
Additionally, Vedanta has pledged over $20 million for corporate social responsibility activities, $250 million for contractors and suppliers, and plans for salary increments for workers.
Projects like the Konkola Deep Mine (KDMP) further underscore the potential for KCM to significantly contribute to Zambia’s copper production target of 3 million metric tons per year by 2032.
Expressing optimism for the future under the leadership of Hon. Paul Kabuswe and President Hakainde Hichilema, the community anticipates reaping the benefits of KCM’s restoration in the near future.
The government’s proactive steps to revive the mining sector are seen as crucial for driving economic growth and improving livelihoods in the Copperbelt Province.
