Under developement in N/Western Province unacceptable despite Lumwana mine
TIME PUBLISHED - Monday, July 18, 2011, 9:02 am
Aspiring PF parliamentary candidate Davies Kapijimpanga said in Solwezi that he was very disappointed with the level of underdevelopment in the North Western Province despite the province having one of the biggest copper mines in the world ( Lumwana Mine ) and Kansanshi Mine. He said there should have been industries developing in tandem with the mines to produce spares etc for the mines. He said there wasn’t even a single industry producing bolts and the mines have to import nearly all their requirements from outside the country.
He added that the mining investors were reaping huge profits and living in luxury whilst the majority of the people of North Western Province still wallow in poverty.
Meanwhile copper prices rose for a third straight week last week.The prices for the three-month copper on the London Metal Exchange (LME) rose 0.7 per cent to US$9,720 a tonne while the most-active September copper contract on the Shanghai Futures Exchange jumped nearly 1.9 per cent to 72,460 Yuan per tonne.
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