$600 million invested into Kitumba mine

Sinomine Resource Group, a Chinese-based mining services group, has invested 600 million United States dollars in the Kitumba mine in Mumbwa district.

The mine was opened last week by President Hakainde Hichilema who indicated that this success continues to demonstrate a new era of Zambian mining success under the UPND government.

“These resources that were here were not attracting investment [under the previous government]. It is because of [previous] leadership.” President Hichilema commented during the opening ceremony. The President added that local residents must take advantage of the project, to reap the benefits of the mine, such as the creation of both direct and indirect jobs related to the mine. It is expected that the mine will contribute to the economic and infrastructure development of the local community.

Kitumba mine is expected to handle 4.5 million tonnes of copper ore annually, and is expected to release 15,000 tonnes of copper per year.

“Now is the time to invest in Zambia’s mining sector, and invest smart”, one officiant commented at the opening ceremony.

The sucess of the investment demonstrates what can be achieved when vision, collaboration, and commitment come together.