NewsPost

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Categories

  • Business
  • Court News
  • Entertainment
  • Local News
  • News
  • Trending
Subscribe
The Lusaka Sun | Ubuntu News The Lusaka Sun | Ubuntu News
The Lusaka Sun | Ubuntu News
  • News

$10m gold investment coming

  • 29 October 2020
  • admin
Total
0
Shares
0
0
0

img_9362-scaled-6812802

SILUMESI MALUMO writes

A Zambian-owned firm, Alinani Precious Metals, is set to invest US$10 million in the country’s gold-mining sector.

Chief executive officer, Bupe Chipando, said that Zambians must be allowed to manage the mines on large scale, stating that the country’s rich mineral deposits were the backbone of the economy.

Mr Chipando is the founder of Alinani Precious Metals, a mining company based in East Africa.

The firm has over the years established itself as in important player in gold mining, refinery, and smelter across Africa.

Alinani Precious Metals Ltd is registered under First Group of Companies in Kenya, Uganda and Tanzania, with First Line Capital as an investment company.

First Commodity Exchange works as a market platform while First Cargo Logistics provides transportation products under one umbrella.

In an interview yesterday, Mr Chipando said that a gold mine in the hands of the local people would grant investments returns to build schools, hospitals and roads in the country.

“We need to talk and dialogue with the Government, for we know our Government is willing to listen to us.

“Alinani Precious Metals, as a Zambian owned company if given a chance, we are willing to pledge between US$5 million to US$10 million as an investment in the vast gold mining sector. We are confident that this is something we can implement,” Mr Chipando said.

Mr Chipando said his firm had the capacity of producing and refining about 300 kilogrammes of gold per day with the modern state of the art equipment and machinery.

He said if given an opportunity to invest in the gold mining, it would create decent jobs and reduce unemployed levels in the coun

“Besides providing jobs to the unemployed Zambian graduates, we pledge to enrol vibrant community social responsibility programs which will be mandated to give back to the community by participating in the developmental activities of the area.

“We pledge to build hospitals, schools, roads, sports facilities and other developmental activities,” he said.

Mr Chipando said it was high time that Zambians were given the opportunity and platform to own, operate and run the vast mining industry for the benefit of the local people.

“We want to prove that we have the expertise and manpower to control our own mining industry which will consequently have great economic and social benefits to the Zambians as it is no secret that mining forms the backbone of the Zambian economy,” Mr Chipando said.

He said given a chance, his vast experience in the gold mining industry as well as his commitment to invest 10 million dollars would have a great impact to the entire Zambian country.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
admin

Previous Article
  • News

It’s over, hubby texts wife

  • 29 October 2020
  • admin
Read More
Next Article
  • News

Chongwe ward in 15.6 kms road upgrade

  • 29 October 2020
  • admin
Read More
You May Also Like
Read More
  • Business
  • News
  • Trending

Covid-19 has revealed industrialisation urgency – ZAM

  • admin
  • 28 January 2021
Read More
  • News
  • Trending

Substandard drugs, condom scandal under spotlight

  • admin
  • 28 January 2021
Read More
  • News

Zanaco geared to win league

  • admin
  • 28 January 2021
Read More
  • News

NAPSA END WINLESS DROUGHT

  • admin
  • 27 January 2021
Read More
  • News

Lumwana down Buffaloes

  • admin
  • 27 January 2021
Read More
  • News

Micho re-enforces CHAN squad

  • admin
  • 27 January 2021
Read More
  • News

KUDU HEAD LANDS WOMAN IN COURT

  • admin
  • 27 January 2021
Read More
  • News

Mtendere house gutted, looted

  • admin
  • 27 January 2021

Recent Posts

  • Covid-19 has revealed industrialisation urgency – ZAM
  • Substandard drugs, condom scandal under spotlight
  • Fish mongers appeal for relief package
  • Light truck plunges in a drainage near Zani Muone (Pictures)
  • Zanaco geared to win league

Recent Comments

No comments to show.
Featured Posts
  • 1
    Covid-19 has revealed industrialisation urgency – ZAM
    • 28 January 2021
  • 2
    Substandard drugs, condom scandal under spotlight
    • 28 January 2021
  • 3
    Fish mongers appeal for relief package
    • 28 January 2021
  • 4
    Light truck plunges in a drainage near Zani Muone (Pictures)
    • 28 January 2021
  • 5
    Zanaco geared to win league
    • 28 January 2021
Recent Posts
  • NAPSA END WINLESS DROUGHT
    • 27 January 2021
  • Jay Rox album launch set for Thursday
    • 27 January 2021
  • Chief commends NDF delegates
    • 27 January 2021
Categories
  • Business (9)
  • Court News (6)
  • Entertainment (2)
  • Local News (5)
  • News (2,000)
  • Trending (16)
The Lusaka Sun | Ubuntu News
2023 All Rights Reserved

Input your search keywords and press Enter.