Saturday, October 31, 2009

Lumwana Mining replaces MD

Lumwana Mining replaces MD
By Kabanda Chulu in Lusaka and Creavat Chituta in Solwezi
Sat 31 Oct. 2009, 04:00 CAT

LUMWANA Mining Company (LMC) has appointed Adam Wright as its new managing director replacing Harry Michael who is leaving the company next month after developing it from a greenfield project to become Zambia’s single largest investment and Africa’s biggest copper producer.

Announcing the appointment yesterday, Lumwana’s holding company, Equinox Minerals president Craig Williams stated that the company was looking forward to working with Wright in the operational phase at Lumwana in order to drive the mine towards realising its full potential.

“We are very excited that Adam Wright has joined the Equinox team. Adam is a well regarded and highly experienced mining professional with expertise that will provide great benefit to the operational ramp up of the Lumwana copper mine,” stated Williams.

“Harry Michael has played a key role in building Lumwana over the last five years during a very challenging period for the company through the transition from developer to producer. I thank Harry for his outstanding contribution. We look forward to working with Adam in the operational phase at Lumwana in driving the mine towards realising its full potential.”

And Michael has urged newly-graduated multi-skills vocation trainees to utilise their skills acquired from the training to set up business and support their families.

Speaking in Solwezi during the graduation ceremony of 174 LCM-sponsored local community multi-skills vocation graduands who received their certificates after undergoing a sustainability training programme held at Lumwana estate, Michael said trainees should not only hang their certificates in homes, but apply skills acquired to improve their livelihood and become employers in future.

He advised graduands to take advantage of the opportunity to increase their production and improve their standard of living through baking; poultry farming and meat inspection, maize milling, handcrafts and others.

Meanwhile, Solwezi mayor Peter Kikatula commended LCM for its outstanding commitment to the development of the local community in the district.

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Sunday, May 31, 2009

Lumwana, Zesco settle case out of Court

Lumwana, Zesco settle case out of Court
Written by Maluba Jere
Sunday, May 31, 2009 11:37:58 PM

THE case in which Lumwana Mining Company had sued Zesco over its notice to terminate the Power Supply Agreement (PSA) and disconnect the mine from the electricity grid has been withdrawn from the Lusaka High Court. The parties decided to withdraw the matter after reaching a settlement.

Lusaka High Court judge Martin Imasiku acknowledged the withdrawal and said both parties would meet their own costs.

Zesco in July last year issued a 180-day notice to disconnect power from the mine from January 26, 2009.

Lumwana Mining managing director, Harry Michael stated in an affidavit filed in the Lusaka High Court that the mine wanted a protective relief against the threat to terminate the agreement pending arbitration hearing in the London Court of International Arbitration.

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