More than 1500 full time workers face an uncertain future as they have been sent on indefinite leave starting 13 February 2019. In addition to full time employers, hundreds of part-time, casual workers and contractors have been left in the cold.
Chambishi Metals Plc is involved in the mining, refining and tolling of cobalt and copper.
It is owned by Eurasian Natural Resources Company (“ENRC”) and the Zambian government through ZCCM-IH. ENRC holds 90% of Chambishi metals while ZCCM-IH holds the remaining 10% shareholding on behalf of the Zambian government.
Chambishi says it has been forced to suspend operations because it has failed to secure materials from its other companies in the Democratic Republic of Congo.