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 2011-06-26 06:26 am Back to NEWS
Orica Mining to spend $2m on explosives plant

Orica Mining Services says it will spend about US $2 million on the construction of an explosive manufacturing plant in Chambishi.

In an interview after the ground-breaking ceremony yesterday, Orica mining chief executive officer Graeme Liebelt said the company which is the world’s largest supplier of mining explosive services would continue to expand its operations in Zambia.

Liebelt said the plant would be important for the mining sector as it would contribute immensely to the enhancement and expansion of mining operations by various companies.

“We see a great future in the mining sector in Zambia particularly copper mining. Orica is looking at how to build the future and we want to be part of this growth and we believe that such investment would be a great opportunity for the country, the customers and the company,” said Liebelt.

He said in terms of job creation, the company had already employed 50 people specifically for the plant and the employment levels would continue to rise as the company expands and starts making other explosive products.

The company is involved in the supply of different types of explosives and detonators that the Chambishi plant was expected to add to about 10,000 tonnes of different types of explosive products annually.

And Orica Mining Services board chairman Peter Duncan said the country’s future in terms of copper mining and investment looked positive.

Duncan said it was encouraging to note that despite the mining sector facing huge challenges few years ago, the hope for economic growth had been restored and copper production was increasing.

“We have listened to many advisors who have talked about the mining industry in Zambia and how the future of the country’s economy looks like. The future is very positive and this is a very exciting country to be in,” Duncan said.

He said the visit by the board of Orica in countries such as Ghana, Zambia and South Africa had given the company an insight of what needed to be done to expand operations and investments.



 
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