By VICTORIA KASANGA
MOPANI Copper Mine (MCM) has assured Government of sound investment policies in its operations as President Edgar Lungu yesterday continued to engage stakeholders in the mining industry.
Special Assistant for Press and Public Relations, Amos Chanda, announced in Ndola yesterday that Mopani had committed itself to sound investment policies and improved management practices in its units in Zambia.
Mr Chanda said this after the President held a closed-door meeting with Mopani, Copperbelt Energy Corporation (CEC) and senior Government officials on matters relating to the mining industry.
“The management and board of Mopani assured the President that they were very committed to sound investment policies, management practice, corporate social responsibility and all forms of engagement. The President has thanked them for their commitment,” he said.
He said however that the President had expressed displeasure on certain issues with Mopani including social services such as health and education.
Mr Chanda said President Lungu was not amused with the issues relating to contractors and suppliers and wanted the mining firm to rectify them.
“Otherwise the summary of it is that the President had a fruitful and constructive engagement with Mopani,” Mr Chanda told journalists at Bank of Zambia guest house in Itawa residential area.
Mr Chanda said the President would also balance between the interests of the country and the citizens on one hand and the investors.
According to Mr Chanda, President Lungu also implored CEC and Zesco to guarantee a smooth transition of the bulk power supply agreement which would come to an end next year.
The power utility firm generates and supplies power in bulk to CEC which in turn feeds the mining industry in a tripartite arrangement.
On the depreciating local currency, Mr Chanda said Government was examining local factors, but pointed out that the US dollar was appreciating, hence many other currencies were taking a downward trend.
Meanwhile, Mopani Chief Executive Officer, Chris Vermeulen, assured that his firm had not stopped offering medical services at Malcom Watson Hospital, but that it had transferred some of its operations to Wusakile Mine Hospital in Kitwe.
Mr Vermeulen said Mopani would continue with corporate social responsibility programmes in areas where it operates.