Wed, 29 Mar 2017 12:08:03 +0000 Investors pump $5m into tin ore mining By BUUMBA CHIMBULU ITALIAN and French investors have pumped in US$5 million in Daled Mining Limited for the production of tin ore and the project is poised to start in the next three months in Southern Province. The tin ore mining firm is expected to create 1,000 jobs at full production in Zimba district. The project is also expected to generate foreign exchange for Zambia owing to current high prices for the commodity. Tin prices are currently trading at US$20,100 per tonne on the London Metal Exchange (LME) and this once the product commences could contribute to Zambia foreign exchange generation. The firm had since 2006 been prospecting for ways to access the ore in the area and was granted a license in 2015 of over 40 square metres in Zimba district. Mines operations director, Edward Simukonda, said in an interview that […]
