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Feb 05, 2009 (Dow Jones Commodities News via Comtex) — DOW JONES NEWSWIRES

Zambia‘s Lumwana Copper Mine is absorbing some of the miners that have been laid off by other mining companies in Zambia due to the global economic downturn, the Daily Mail of Zambia reports Thursday.

The state-owned newspaper quoted Harry Michael, the Lumwana managing director, as saying that the company was happy to continue creating jobs for Zambians despite the current global economic turmoil.

“We have employed about 60 to 70 workers that were retrenched by mining companies from the Copper Belt in the last one month…interviews are still going on,” he was quoted as saying.

Lumwana started commercial mining operations in December and expects to become Zambia’s single largest copper mine by output later this year when it reaches full production. Lumwana is owned by Toronto-listed Equinox Minerals Ltd. (EQN.T).


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By Nicholas Bariyo, contributing to Dow Jones Newswires; +256-75-2624615;