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(TIMES) Maamba picks new management team

Maamba picks new management team
By Business Reporter

THE Zambia Consolidated Copper Mines- Investment Holding (ZCCM-IH) is to appoint a new management team at Maamba mine to help revamp operations, ZCCM-IH chief executive officer Joseph Chikolwa has said. Mr Chikolwa said the company is currently in receipt of a number of bids from interested parties who would like to partner with ZCCM-IH in Maamba.

The colliery has not been operational for over 18 months. Mr Chikolwa said in response to a Press query yesterday that the company had since already appointed a new managing director and Finance manager.

“We are putting in place a new management team, where necessary we will recruit new personnel such as managers to look after the engineering, mineral processing, and geology and mining functions,” Mr Chikolwa said.

He said ZCCM-IH would also reconstitute a new board of directors soon after consultations are completed.

Mr Chikolwa also said the company was working on a new business and financing plan for the mine.

“The business and financing plan was currently under review with a view to have mining operations start as soon as possible in order for the mine to become self supporting,” He said.

The ultimate plan is for ZCCM-IH to reduce its shareholding in Maamba from the current 100 per cent. Maamba coal has been the main stay of coal mining operations in Zambia for decades.

Labels: JOSEPH CHIKOLWA, MAAMBA COLLIERY, ZCCM-IH

posted by MrK @ 1:08 AM