Sunday, September 01, 2013

ZCCM-IH mulls diversification
By Chiwoyu Sinyangwe
Mon 05 Aug. 2013, 14:00 CAT

ZCCM-INVESTMENT Holdings is touting starting up manufacturing companies to produce some of the inputs for the mining sector, says executive chairman Willa Mung'omba. ZCCM-IH, a custodian of Zambia's investments in privatised mines, has launched an exploration company called MAWE.

"Apart from doing general exploration, the company ZCCM-IH, has been mandated to exploit the significant opportunities that exist for the establishment of local industries to produce some of the inputs into the mining industry as well as add value to the output from the mining industry beneficiation," Mung'omba said during the ongoing 87th Zambia Agriculture and Commercial Show.

"The inception of this company will allow for ZCCM-IH to effectively change the company's technical activities to suit patterns of business as well as make an effort to suit the environment."

And Mung'omba said the local mining sector continues to suffer acute shortage of skills for sustainable development of the mining sector.

"ZCCM-IH recognises the importance of skills development within the industry in Zambia," he said.
"The shortage of skills impedes innovation for our country and causes the private sector to struggle to attain high levels of productivity. The goal is for our industries to strive to contribute to economic development."

Mung'omba said lack of skills had constrained the efforts of key sectors such as mining and agriculture to achieve real economic integration.

"Industry deserves technical competence and suitably qualified personnel," said Mung'omba.

"ZCCM-IH, along with key stakeholders, is taking progressive steps in finding solutions to the skills deficit in the mining industry. We will deliberately, continue to invest in skills development and engage the key training providers in order to address the country's human capital shortage."

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