South African company starts operating Zambian mine

摘要

A South African company, Karen Mining, has taken over running Zambia's ailing Maamba Collieries, as parent Zambia Consolidated Copper Mines-Investments Holdings continues to search for an investor, a company director said September 8. Maamba Collieries managing director, Stephen Mutambo, said in a statement that management was aware that ZCCM-IH was still looking for an equity partner to revamp the mine. “But as management, we want to start mining so that by the time the equity partner is found, the mine would be up and running,” allowing it to fetch a higher price than if it were sold now, he said.