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The Chambeshi mine can potentially be one of the largest cobalt metal producers in the world. According to a prominent Mining expert Edward Simukonda , the government has remained mute on Chambeshi Metals reopening for quite some time. The opening of the plant which has a lot of facilities will help improve the Zambian economy
Simukonda has raised concerns over the government’s delay in reopening Chambeshi Metals, the only plant in Zambia that used to produce cobalt metal. This mine has the potential to be one of the largest cobalt metal producers in the world. According to him, the government has remained mute on Chambeshi Metals reopening for quite some time. The opening of the plant which has a lot of facilities will help improve the Zambian economy, he added.
Simukonda expressed his disappointment with the government’s lack of initiative on the matter. He stated that Chambeshi Metals has the potential to be one of the biggest mines operating on the Copperbelt and failed to understand the delay in opening it. He further added that the delay has come at a time when the mining industry in Zambia was facing numerous challenges, including a decline in copper, Cement and gold production and a shortage of foreign investment.
Chambeshi Metals’ closure has also had a significant impact on the local economy, with many workers losing their jobs and businesses that relied on the mine struggling to stay afloat. The delay in reopening Chambeshi Metals has raised questions about the government’s commitment to the mining industry and the country’s economic growth.
With the potential to be one of the biggest mines on the Copperbelt, Chambeshi Metals could provide a significant boost to the Zambian economy and create much-needed jobs for local communities.
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It remains unclear why the government has delayed reopening the mine, but Simukonda believes that the lack of communication on the matter is worrying. He said the reopening of Chambeshi Metals could provide a much-needed boost to the industry and the broader economy and the government must take action to address the delays.
