Chinese To Start Mining Copper In 2015
Tibet-Hima Industries Consortium, a Chinese firm is set to start copper mining in Kilembe in May next year, Alex Kwatambora, the project manager has disclosed.
Kwatambora says they have been carrying out technical work since they took over the mines from Kilembe Mines Limited in May this year.
He says some of the projects that have been ongoing include the replacement of the old machine that were left behind by Canadians in the 1970 and installing new machines from china with a lifespan of 30 years.
Kwatambora says they are expecting another consignment of equipment from china to arrive in Mombasa early next year. In addition he says they are also working on the roads in the tunnels, renovating the administration block and staff quarters.
He says the renovation work is expected to cost the company US $ 1 Million. Kwatambora is optimistic that, the renovation work will be completed as planned to enable them start work.
Tibet-Hima Industries Consortium won the deal to manage Kilembe Copper Mines in 2013 after it showed a commitment to make an initial investment of $175 million (about Shs445 billion) towards the rehabilitation of the mine and upgrade Mobuku Power Plant.
The other companies that bid to revive Kilembe mines include Gingko Energy Investments Company of China, Sino-Steel Limited (China) Konkola Copper Mines (Zambia), and Shree Minerals of Australia.
1 thought on “Chinese To Start Mining Copper In 2015”
Good news for Uganda. However, let the local people have a reasonable stake beside just supplying foodstuffs.
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