100 million for Mamba !!
Posté: Ven 26 Mar 2010 07:41
100 million for Mamba mine
GOVERNMENT has announced that NAVA BHARAT, the new strategic partner for Maamba Collieries, will inject about 108 Million United States in the recapitalisation of the coal mine.
NAVA BHARAT also intends to spend 500 Million US Dollars to develop a coal fire power plant with a generation capacity of 270 Mega Watts.
Mines Minister MAXWELL MWALE says the investment will see the installation of a new coal handling and washing plant.
Mr. MWALE said this in parliament yesterday when he gave a ministerial statement on the status of Maamba Collieries Limited.
He told the house that the power plant project will create about 150 additional jobs.
Mr. MWALE assured the nation that the mining company has NO intentions of laying off workers.
And responding to a question from Chipili Member of Parliament DAVIES MWILA, Mr. MWALE said all workers will be paid their salary arrears once a new board is ushered into office.
Mr. MWILA wanted to know when workers at the coal mine will be paid their outstanding five months' salary arrears.
NAVA BHARAT has acquired 65 per cent equity stake in Maamba Collieries Limited.
GOVERNMENT has announced that NAVA BHARAT, the new strategic partner for Maamba Collieries, will inject about 108 Million United States in the recapitalisation of the coal mine.
NAVA BHARAT also intends to spend 500 Million US Dollars to develop a coal fire power plant with a generation capacity of 270 Mega Watts.
Mines Minister MAXWELL MWALE says the investment will see the installation of a new coal handling and washing plant.
Mr. MWALE said this in parliament yesterday when he gave a ministerial statement on the status of Maamba Collieries Limited.
He told the house that the power plant project will create about 150 additional jobs.
Mr. MWALE assured the nation that the mining company has NO intentions of laying off workers.
And responding to a question from Chipili Member of Parliament DAVIES MWILA, Mr. MWALE said all workers will be paid their salary arrears once a new board is ushered into office.
Mr. MWILA wanted to know when workers at the coal mine will be paid their outstanding five months' salary arrears.
NAVA BHARAT has acquired 65 per cent equity stake in Maamba Collieries Limited.