Maamba Collieries yet to pay Oriental Quarries for mining

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Message Mer 29 Juil 2009 16:52

Maamba Collieries yet to pay Oriental Quarries for mining

le 29/07/2009
le lien :
http://www.postzambia.com/content/view/11710/50/

Maamba Collieries yet to pay Oriental Quarries for mining
Written by Mwala Kalaluka
MAAMBA Collieries Limited (MCL) is yet to meet its payment obligations to Oriental Quarries for the quantities of coal mined under the contract mining arrangement from May to date.
MCL managing director Stephen Mutambo said in an interview yesterday that Oriental Quarries, which was undertaking contract mining activities at the mine for a year, was paid for the initial 12, 000 tonnes of coal mined in April this year.

“We have the second tonnage of 28, 000 tonnes but you see, this was in May. These guys give us 30 days from invoice. If they invoice us 15 days after the due date, then we pay them after that date,” Mutambo said. “We are talking…in any business there are delays.”

Mutambo said MCL had produced so much coal from April to date but that the company management had a problem to sell the commodity.

“Everybody is buying from Zimbabwe. What is the government doing about it?” he asked. “Because Maamba is not selling coal they face a problem of not meeting their obligations, especially with their contract miner.”

Mutambo said there was need to look at ways of establishing a long-term customer relationship, as regards the supply of coal, especially that most of the buyers of the Maamba coal had switched to Zimbabwe.

However, Mutambo said the outstanding payment invoices to Oriental Quarries would be settled to ensure that the contractor had enough liquidity to continue in mining.

Mutambo said management, in collaboration with ZCCM-IH who are the mine owners, had managed to reduce the cost of production from US$80 per tonne to about US$45 per tonne.

“Our new business model is that the contractor will do drilling, blasting, excavation of soft and hard overburden up to coal seam and de-coaling of coal and haulage up to the washing plant. The only cost for all these is the fixed cost of US$31 a tonne delivered to the washing plant,” Mutambo said. “Maamba, all it does is to wash the coal and make sure the contractor is committed to what can be delivered.”

He said MCL expected to reach 30, 000 tonnes production of coal by the end of this month and that there were currently about 50, 000 tonnes of washed and graded coal that was ready for the market out of the over 90, 000 tones produced from April this year.

“We have US$5.4 million value of stocks that is available,” said Mutambo.

Sources told The Post that the future of MCL was bleak following Oriental Quarries’ concerns over the non-payment of funds for the coal produced under the contract mining set-up at the Sinazongwe-domiciled mine.
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Message Mer 29 Juil 2009 16:57

Maamba Collieries workers protest managers’ pay raise

le 29/07/2009
le lien : http://www.postzambia.com/content/view/10721/54/
Maamba Collieries workers protest managers’ pay raise
Written by Mwala Kalaluka
UNIONISED workers at Maamba Collieries in Sinazongwe have complained over the decision by the company’s senior managers to increase their salaries at the expense of the general workforce.

But Mineworkers Union of Zambia (MUZ) general secretary Oswald Munyenyembe expressed surprise that MCL management have decided to increase their salaries when they were telling the general workforce that they were still looking for an equity partner.

Maamba Collieries Limited (MCL) sources told The Post yesterday that whilst unionised workers had over the last year been negotiating for a salary increment and other conditions of service, they had been eluded by the latest salary increment.

The source said managers such as the finance and mine managers were getting between K14 million and K16 million respectively, following the salary increment.

The source said the chief surveyor had his salary enhanced to K12 million, while the plant manager was now getting a salary of K15.5 million.

The source said this was despite the highest pensionable senior staff only getting a salary of K5 million.

“The union people were asking for something like K2 million but it has always been shot down on reasons that we did not have money,” the source said. “The question is where is the money coming from to increase the salaries of senior managers?”

The source said the unionised workers were demanding K2 million across the board.

However, the source said the payment of salaries was being done on time as there were no salary arrears so far.

The source said production at the mine was on course following the commencement of contract mining at the country’s major coal company by Oriental Quarries.

“As by April, 12,000 tonnes of coal were produced and this May, 28,000 tonnes was done. This month end of June, I haven’t got the details but it should be closing between 20, 000 and 22,000 tonnes,” the source said.

The source explained that the reduction in production was caused by a few technical hitches.

But Munyenyembe asked for more time to get in touch with MCL management and Maamba MUZ officials, with a view to getting details over the salary increments before he could comment any further.

“I can’t just comment on that because that is a surprise,” said Munyenyembe. “Why don’t you give me time so that I can give a comprehensive report?”

Maamba MUZ branch officials could not comment on the matter as they were unreachable by press time.
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Message Ven 31 Juil 2009 04:37

Re: Maamba Collieries yet to pay Oriental Quarries for mining

nous n'avions aucune idée des prix du charbon et des couts de prod avant.
nous avons aujourdhui une bonne base de calcul

Bingogo ton calcul est celui ci ??? j'ai du mal a te suivre là ..

5.4m$ /50000 t = 108 $ la tonne
108-45= 63 $ / tonne de benefice
1000000 t en prévision par an = 63 M$
pour le moment nous sommes à 30 000 tonnes de prod / moi (prod mai 2009 ) .

Posté par bingogo ( cuivre 10000$ MLZAM )

ds cette news on apprend que les bénéfices sont d'environ 70 $ la tonne de charbon... grace à la réduction importante des cous de production.

pour une production moyenne de 1 000 000 tonnes, objectif final de zccm-ih pour maamba...cela donnerait un beau 70 M$... on peut viser les 30/40 M$ pour l'année fiscale de zccm qui se terminera fin juin 2010...en attendant que le partenaire nava bahrat rentre à nos cotés

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