DISCUSSIONS ON CHAMBISHI METALS PLC INDEFINITE CLOSURE UNDERWAY

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DISCUSSIONS ON CHAMBISHI METALS PLC INDEFINITE CLOSURE UNDERWAY

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Government has revealed that it is having discussions with the Chambishi Metals Plc Management on the company’s indefinite closure.   

 

This comes after Chambishi Metals Plc suspended operations indefinitely and sending its workers on forced leave effective 13th February, 2019.

 

It has been reported that Chambishi Metals has been forced to suspend operations because it has failed to secure materials from its other companies in the Democratic Republic of Congo.

 

Speaking in an interview with 5fm news, Minister of Mines and Natural Resources Richard Musukwa has clarified that the shut down has nothing to do with the new mining fiscal regime.

 

Chambishi metals plc which is involved in the mining, refining and tolling of cobalt and copper is owned by Eurasian Natural Resources Company that holds 90 percent and the Zambian government through ZCCM-IH holds 10 percent.

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