first platinum mine for the Zambia


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ABOUT 500 workers at Chambishi Copper Smelter (CCS) have been issued with summary dismissal letters following their two-day riotous behaviour in protest against alleged poor conditions of service. And Police have apprehended seven CCS workers in relation to the riot that took place on Tuesday at the copper smelter company.Both CCS company secretary, Sun Chuanqi, and Copperbelt permanent secretary, Jennifer Musonda, confirmed the figure of the dismissed workers in separate interviews yesterday. Mr Chuanqi revealed that company property worth about US$200,000 was allegedly destroyed by the irate workers during the riot.He said management was saddened that the workers rioted before the conclusion of negotiations with union representatives.

Mr Chuanqi said the workers had been given a grace period of three days within which to exculpate themselves and show cause why disciplinary action should not be taken against them.

He complained that work had been adversely affected by the workers’ riotous behaviour.

Mr Chuanqi warned that all workers identified as ring leaders would be dismissed from employment to discourage others from behaving in a similar manner.

By press time yesterday more than 19 alleged ring leaders had been identified while more than 66 workers collected their summary dismissal letters.

Mr Chuanqi appealed to workers to exculpate themselves within the stipulated time so that the innocent ones could be reinstated.

“We’re appealing to the workers to respond quickly to the summary dismissal letters so that those that did not take part in the riotous behaviour could be reinstated because work has been grossly affected and we need local manpower,” he said.

Mr Chuanqi said CCS belonged to Zambians and wondered why the workers destroyed what belonged to them simply because of a dispute that could have been resolved amicably.

“What we are building here also belongs to Zambians, so people must desist from destroying this investment. For those who will not come to collect their letters, we will follow them until they get them so that they can exculpate themselves,” he said.

However, Mr Chuanqi paid tribute to government for its continued support to Chinese investment in Zambia.

He also said the Chinese worker only identified as a Mr Li who was injured during the riot on Tuesday was discharged from the hospital.

And Mrs Musonda also confirmed that workers were served with summary dismissal letters when they reported for work yesterday.

A check by the Zambia Daily Mail crew yesterday at the CCS premises found several riot police officers manning the company.

Some Zambian workers were found waiting to collect their summary dismissal letters while others were reluctant to collect them, claiming that they did not take part in the riot.

Those spoken to said they were ignorant about the whole thing and that they were just forced by some of their colleagues to riot.

Copperbelt Police commanding officer, Antonneil Mutentwa, revealed that six officials of the National Union of Miners and Allied Workers (NUMAW) and their member were apprehended by police in connection with the riot.

Mr Mutentwa said the union officials and their member were apprehended around 17: 45 hours on Tuesday.
NUMAW national secretary Albert Mando condemned the action by the workers to riot and damage company property.

“We are not in support of what the workers did. We are also disappointed with what happened on Tuesday because the negotiations have not yet collapsed, so why strike or riot?” Mr Mando said.

Zambia Daily Mail

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Times of Zambia reports…

Chambishi fires 500

 ALL the 500 striking workers at Chambishi Copper Smelter (CCS) were yesterday fired while seven National Union of Miners and Allied Workers (NUMAW) branch officials were arrested and detained on Tuesday evening.

The workers were served with letters of summary dismissal by management in the morning.

The move by management was as a result of the riotous behaviour by the workers at the company premises on Tuesday morning.

Police said those arrested were detained at Kitwe Central Police Station to help with investigations.

The workers at the Chinese-owned company had been on strike since Monday, demanding improved conditions of service.

The situation worsened on Tuesday when the workers decided to become violent and damaged property worth millions of Kwacha.

Both CCS company secretary, Sun Chuanqi and NUMAW national secretary, Albert Mando, confirmed that all the 500 workers who took part in the work stoppage had been served with letters of summary dismissal and had been given three days in which to exculpate themselves.

But Mr Mando said it was unfortunate that management had decided to serve the workers with letters of summary dismissal, saying there was no reason to continue with negotiations when its members had been served with letters of dismissal.

He, however, said his union would work hard to ensure that the seven branch union officials, who had been arrested, were released so that negotiations could continue.

“Yes, I have been told that the management at the company has also served the workers with letters of summary dismissal, but it is unfortunate management has resolved to take this stance.

“This decision by management will affect our negotiations because how do we negotiate when our members have been given letters of summary dismissal,” Mr Mando said.

And speaking in an interview at CCS, Mr Chuanqi said the management at the company had decided to serve its workers with letters of summary dismissal as a way of disciplining them for their riotous behaviour, but that they were free to exculpate themselves.

He said management was eager to listen to the concerns of the workers, but was saddened that the workers quickly resolved to become riotous and damaged property at the company.

He said the Chinese investment in Zambia was there to benefit both Zambians and Chinese and there was no reason for Zambian workers to become violent and damage property.

“As management, we do not take pleasure in dismissing our employees, but we want them to know that violence does not pay and that they have to do things according to the law. Problems arise where there are people, but things must be done correctly,” Mr Chuanqi said.

And Mr Mando confirmed the detention of the seven union branch officials and that he was trying to secure their release.

Mr Mando, who was still at the Kitwe Central Police Station by Press time, said those arrested were branch chairman, Oswell Chibale Malume, vice-branch chairman, Christopher Yumba, branch secretary, Steven Kabwe, branch vice-secretary, Christopher Nkandu, treasurer, Kafwaya Ndombwani, vice-treasurer, Chanda Mhango and a shop steward, Kachinga Silungwe.

Mr Mando said the seven were picked up on Tuesday evening and had not been formally charged although they were still being interrogated.

“Yes I can confirm that seven of NUMAW branch officials at Chambishi Copper Smelter have been arrested and detained at Kitwe central police station. They were picked up around 18:00 hours on Tuesday.

“I am actually at the police station, but I have not talked to them because they are still being interrogated and have not been formally charged. As a union, we are trying to secure their release,” Mr Mando said.

The Times team which went to CCS found the place deserted with only armed police dotted all over to keep vigil.

End of report.

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By Shapi Shacinda

LUSAKA, Feb 29 (Reuters) – Zambia has asked foreign mining companies for alternative proposals following their criticism of planned tax changes, officials said on Friday.

“As a committee, we believe the government has done its research worldwide on which they are basing their proposal,” Godrey Beene, chairman of a Zambian parliamentary committee dealing with mining issues, told the state media.

“We have therefore given mining companies time to go and prepare a counter proposal which they should submit to us any time this week.”

He did not indicate if the proposed rates by the government would be cut.

The head of the Chamber of Mines of Zambia, Frederick Bantubonse, said foreign miners would pay more than the stated 47 percent in effective mining taxes when the new regime comes into force from April, compared to 31.7 percent now.

The government has proposed a windfall profit tax at a minimum of 25 percent and an increase in mineral royalty to 3.0 percent from 0.6 percent.

It also plans a variable profit tax at 15 percent on taxable income above eight percent and to raise corporate tax to 30 percent from 25 percent.

Bantubonse said the mining firms had studied the proposed tax increases and found they would be higher than 47 percent and detrimental to their operations and future investments.

“(Mining) companies have scrutinized … new mining tax proposals for their own operations and in every case have found that the effective tax rate will be higher than (the) calculated 47 percent,” he said in a statement.

The government had not called mining firms for a meeting to discuss the tax rates, despite numerous promises.

“To date, no such discussions or consultations have taken place. All (mining firms) with development agreements are willing to discuss and renegotiate the terms and conditions of their agreements,” Bantubonse said.

Zambia’s biggest copper producer is Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources (VED.L: Quote, Profile, Research).

Others are Mopani Copper Mines, a venture of Swiss firm Glencore International AG [GLEN.UL], First Quantum Minerals (FM.TO: Quote, Profile, Research) and Chibuluma Mine, a unit of Metorex (MTXJ.J: Quote, Profile, Research). Australia’s Equinox Minerals (EQN.AX: Quote, Profile, Research) owns Lumwana Mining Plc. (Reporting By Shapi Shacinda; editing by Michael Roddy)

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Seattle Times staff columnist

Our relationships with the rest of the world need some updating.

Things are changing. A large delegation from Zambia was in Seattle this week making a case for investment, not charity, as the cure for poverty.

It’s an argument many in Africa have been making for years, usually in the other Washington.

While few in the world’s leading capitalist nation are biting, China is pouring money into the continent in search of influence and profit. In Zambia, the Chinese invest in mining, retail and construction.

Viewed from the U.S., Africa seems a solid mass of disease, war, unstable dictators and rampant corruption.

The Zambian delegation, including the country’s president, argued that this view is full of stereotypes that do not apply to their country.

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Zambia is a country of 12 million in southern Africa. Copper mining is central to the economy, but tourism, manufacturing and agriculture are growing.

The Zambians were invited way out west to Seattle by the Initiative for Global Development, which believes eradicating deep poverty would eliminate many of the ills, including diseases and conflicts, that afflict the planet.

Members call themselves “business leaders working to end poverty.”

Getting people out of poverty is the right thing to do, but it also can be profitable for business and relieve governments in developed nations of numerous international headaches.

The U.S ambassador to Zambia has said a stable Zambia contributes to the U.S. goal of peace, democracy and economic growth in southern Africa.

IGD was founded three years ago by Bill Gates Sr.; Daniel J. Evans, the former senator and governor; former EPA administrator Bill Ruckelshaus; Weyerhaeuser heir Bill Clapp; and John Shalikashvili, former chairman of the Joint Chiefs of Staff.

The delegation also scheduled meetings at Starbucks, Microsoft, Boeing and elsewhere.

levy_combine300.gifAt the session I attended, the president, Levy Mwanawasa, and his ministers made a compelling case for investment. How’d you like to pay no taxes on business earnings?

They talked about their new zero-tolerance policy on corruption and their commitment to democracy, stability and economic growth.

And, said the minister of commerce, trade and industry, the weather is perfect.

What are we waiting for?

Well, actually, the weather isn’t perfect. It gets pretty hot there, and then there is the matter of infrastructure, and if they have cured corruption they are the only nation anywhere to have done so.

Zambia still has problems, but curing poverty would help solve them.

Business investment (not exploitation) is necessary.

Mwanawasa invited American entrepreneurs to visit and see that “the truth is the opposite of what you think is true.”

It’s not exactly the opposite, but Zambia seems to be at a point where investment could benefit Zambians and offer the U.S. new opportunities to make money and make friends.

Jerry Large’s column appears Monday and Thursday. Reach him at 206-464-3346 or jlarge@seattletimes.com.

Copyright © 2007 The Seattle Times Company

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The factors boosting commodity prices such as copper, uranium, gold, cobalt, sugar, etc. are likely to continue, keeping those prices up …

The good times are here to stay in the short to medium term. Sugar is in high demand in the European Union and Nakambala can reap high returns from this. 

The price of gold, South Africa’s biggest export, has surged 16 percent this year, helping to underpin the currency for instance.  Copper has climbed 25 percent, benefiting Zambia, Africa’s biggest producer of the metal.

Overall, Sub-Saharan Africa is benefiting from rising prices of gold, oil and copper, helping the region’s economy expand an estimated 6.8 percent this year, from 5.5 percent last year. The challenge now is for countries like Zambia that are dependent on commodity exports to properly “manage” the commodity boom.

If we respect the truth, then we need to admit that commodity boom phases have not been managed well in the past, and we are at risk of making the same mistakes again. The main factors underpinning commodity prices were strong demand for platinum in devices that cut pollution in cars and rising demand in China and other emerging markets.

Still, commodity prices might drop, hurting growth in some African countries. To assume that current prices and the current boom phase reflects a permanent shift, rather than a temporary opportunity, would be a naive and risky approach to adopt. 

If our analysis is correct, then the slump will come and it will bring with it a significant decline in commodity prices but prudent asset management now would help governments that are diversified enough to transition into manufacturing, construction and service sectors.

 

 

 

However, with norminal GDP rising from $3.24 billion in 2000 to well over $10.71 billion in 2006; per capita GDP income thriving from $303.00  in 2000 to $902.00 in 2006; inflation falling from 26.1% in 2000 to just 9.2% for fiscal year 2006; tourism at its highest peak and a combination of other factors … the Zambian Enterprise is headed for some good times, that’s the memo this week from us at the Zambian Chronicle … thanks a trillion

 

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle  

Copyrights © 2007 Zambian Chronicle. All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc.  

Copyrights © 2007 Microplus Holdings Int., Inc.  

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classy-daddy-3.gifThe Munali Nickel-Platinum project has been assigned at 100% to Albidon Limited traded at the London Stock Exchange which successfully listed on the Alternative Investment Market (AIM) and ASX with an initial capitalization offer that raised over $15 million dollars for full prospecting purposes almost three years ago. 

This deposit is a member of the gabbroid-hosted class of nickel sulphide deposit with a considerable “platinum” component in it. This high grade allows Munali if fully mineralized to be the first platinum mine for the Zambian Enterprise. 

It means that as Albidon carries out their mining franchise activities in Munali for Nickel, platinum will also come along. Strong electromagnetic conductor targets in the western portion of the Munali structure have already yield some very positive domino effects. 

It is therefore up to the ministry of Mines and Mineral Development to get on this ball as quickly as possible and work with Albidon in order to materialize this venture as well as operationalize it as quickly as possible. 

Platinum demand around the world is at an all time high as expectations that global demand for platinum will exceed supply will underpin value going forward, analysts say, even if near-term prices ease as labor tensions recede.

Anglo Platinum is the latest South African producer to slash its 2007 production forecast, with output seen down by some 8%, or around 250,000 ounces, as a result of labor and health and safety concerns.

Last month, Lonmin PLC, the world’s No. 3 producer, said it will defer between 70,000 and 80,000 ounces of platinum sales to 2008, while Aquarius Platinum logged some lost production as a result of a five-day strike in their country of operations.

The sooner this Munali project is mineralized for the benefit of the Zambian Enterprise, the better but with Albidon having operations in as many countries as Botswana, Tanzania, Tunisia and Malawi apart from ours, they may as well end up shaving our prospect as they look at other already operating ventures for maximum profits …

The president (HE Levy P Mwanawasa, SC) recently said that the ministry of Mines and Mineral Development will soon start revolking prospecting licenses under what he called a “use it or lose it policy”; but we are yet to see any such action taken thus far; other serious investors are still out there … thanks a trillion.

Brainwave R Mumba, Sr. 

CEO & President – Zambian Chronicle 

Copyrights © 2007 Zambian Chronicle.  All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc. 

Copyrights © 2007 Microplus Holdings Int., Inc.