Economy

Zambia, Egypt mine workers reach agreement to set up exploration company

0

Mineworkers’ Union of Zambia (MUZ) will sign an exploration and mining agreement with the Egyptian General Trade Union of Miners, Quarries and Salinas Workers

This will culminate into the establishment of the mining and exploration company in Zambia.

Last  year ,the biggest  mine union body with a number of union members and asset base announced its plans to invest in exploration and mining as a way of contributing to the economic growth of the country and enhancing job creation.

MUZ President Joseph Chewe said in a statement on Thursday that the Union has made steady progress in establishing its mining company in Zambia.

He said this would enable it contribute effectively to the country’s economic development.

Chewe, who is in Cairo – Egypt, said  MUZ had already identified sites where it would establish a mining company through the partnership with some traditional leaders within the identified areas.

He urged  trade unions within Africa to join hands and consider becoming the main players in mining operations besides representing workers.

Read more:https://www.zambiamonitor.com/geologist-expresses-doubt-zambia-can-attain-3m-tonnes-of-finished-copper-without-airborne-surveys/

Chewe  said  MUZ had  also established good working relationships with some traditional leaders in Luapula and North-Western Provinces who have made it easy for the union to advance its intentions of investing in mining.

“We are currently looking for business partners to venture into mining to contribute to job creation and the economic wellbeing of Zambia and Africa as at large,”  he

Chewe  said  the ownership of mining companies cannot be left to foreign investors alone, hence the need for Africans to drive their own agenda of owning mines and derive maximum benefits from their God-given mineral resources.

He was speaking when the MUZ delegation met with the GTUMQSW officials in Cairo Egypt.

Chewe is accompanied in Egypt by his general secretary George Mumba and the general treasurer Chalwe Lengwe at the invitation of GTUMQSW in Cairo.

GTUMQSW president Mohamed Ahmed Abdelhalim said his union was ready to partner with MUZ in establishing a mine and explore more business opportunities in Zambia.

Abdelalim  called  for the establishment of  strong ties among African trade unions for the mutual benefit of African countries and their workers.

“We will soon be visiting Zambia through you, Mr President(Chewe), to begin the process of establishing a joint business venture with MUZ aimed at deepening the bilateral relationship between the two unions,” he said.

Zambia’s annual inflation rate dips to 9.4%, as country records K.5bn trade deficit

Previous article

AfDB gets Zambia’s agriculture transformation roadmap

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Economy