President Rupiah Banda is tomorrow Friday 29th April 2011 expected to officially launch the construction of a multi-million dollar mining investment at Kalumbila near Solwezi, North-Western Province.
A statement by his mouthpiece Dickson Jere claims the mine will create more than 2,000 jobs when operational.
President Banda said the Kalumbila Minerals Trident Project, owned by First Quantum Minerals, shows that Zambia’s economy is headed for more success under his leadership as more foreign investors continue to pump huge sums of money into the country’s economy.
“The new mine will increase the national coffers through taxes that will translate into more money which my Government will use to improve the lives of Zambians,” President Banda said ahead of the groundbreaking ceremony of the one-billion dollar project.
The new mine is expected to commence operations in 2014. President Banda said with the commencement of operations at the Kalumbila Minerals and other new mining projects, Zambia’s copper production is expected to peak at about one million tonnes of copper per annum.
President Banda who will be in North-Western Province for two days, is also expected to officially open the Solwezi Trades Training Institute, which was recently constructed.
The President will further lay a foundation stone for the construction of Zangamenu Bridge and flag off the construction of township roads in Solwezi district, according to Dickson Jere.