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It already has 2,500 employees in its construction phase. The Lumwana Project already houses the largest crane in Africa – the diesel powered Hitachi EX5500 excavator with at least 27 EH4500 diesel AC drive trucks to haul the needful.
A 72 Km power line is taking shape with a substation carrying 330/33Kv capacity is expected to be fully functional this fall. Main housing units approximately 178 (houses) are ready for occupancy and water and sewerage systems are fully functional.
Peter Tomsett with 25 years experience in the mining industry including his last 20 at Placer as CEO and President has been appointed as the Non-executive Chairman.
Lumwana is backed by secured $584 million contingent letters of credit from 12 international banks on four continents has a dual listing in Canada & Australia respectively. Lumwana has already paid as much as $3 million in direct taxes to the Zambian government.
With just as much copper, just as much cobalt, just as much gold and just as much uranium in one shove, Lumwana is the best thing to ever happen to the Zambian Enterprise since sliced bread by Supaloaf; to those old enough to reckon … thanks a trillion
Brainwave R Mumba, Sr.
CEO & President – Zambian Chronicle
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