Changfa Mining Limited, a Chinese company, has set aside a total of US$200 million to revamp the operations of Old Mokambo Mine to enhance economic activities in the area.
The resumption of mining activities at Old Mokambo Mine which was closed in the 60s is anticipated to create about 1,000 jobs for the local people.
Changfa Mining Limited operations manager Lyu Purry said once operational, the mine is projected to have a production capacity of 3,000 tonnes of copper ore per day.
Mr Lyu who could not disclose when the project will start said in an interview yesterday that the company is currently conducting environmental impact assessment with the Zambia Environmental Management Authority.
“The results are good, the project is viable, and once operational, the production capacity will be 3,000 tonnes of copper ore per day,” he said.
He said the firm is committed to face-lift the Old Mokambo mine in the border town to contribute massively to the national treasury.
“We are [however] still working on modalities on the relocation of settlers and it will depend on how quick the exercise will be completed, then we will know exactly when the mine will commence its operations,” he said.
And Mufulira Town Clerk Changwe Nsakanya said the re-opening of Mokambo Mine will improve the economy of the mining town.
He said Changfa Mining Limited is committed to create jobs for the local people through increased investments in the district.
Mr Nsakanya called on other investors in various economic sectors to consider investing in the district.
“Apart from mining sector new establishments are welcome in other sectors such as agriculture and manufacturing,” he said.
Mr Nsakanya is optimistic that Mufulira will have enhanced investments following the tarring of the pedicle road in Democratic Republic of Congo by the Zambian Government that links Copperbelt and Luapula province.