Banda urges mining safety

2010-10-15 13:01
Chiliabobwe – Zambia's President Rupiah Banda on Thursday urged investors to ensure worker safety to avoid mining accidents similar to the one in Chile, where trapped miners have just been rescued.

"We all witnessed what happened in Chile, it was so touching to see the last person come out. We have to take care of our mines so that we do not go through what our brothers have gone through," said Banda.

Banda was speaking at a ground-breaking ceremony for the Konkola North Copper Mine, a joint venture project between Brazil's Vale and African Rainbow Mining (ARM) from South Africa.

Vale is one of the world's largest iron ore miners, with interests in Mozambique, Angola, Venezuela and Australia, while ARM is mining a range of resources including platinum and coal.

The investors said that they would pump $400m into the project and a further $1bn once the mine is fully operational.

"We plan to invest $1bn in the next three to five years. We are doing business differently and we think we are doing a right thing in Zambia," said Patrice Motsepe, the executive chairperson of ARM.

Motsepe said Zambia had abundant mineral resources and many countries were willing to invest in the country because of its favourable investment climate.

Copper is Zambia's top export earner, with Chinese firms already involved in several mining projects.


Read more on:    vale  |  arm  |  rupiah banda  |  patrice motsepe  |  zambia  |  chile trapped miners  |  mining  |  southern africa
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

Inside News24

 
/News
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
Horoscopes
Aquarius
Aquarius

You are active, busy and on a mission today. There may be a special person you wish to entertain and may put in the extra effort...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.