Maamba Collieries seeks market for stockpiled coal Minister
Posté: Lun 5 Oct 2009 20:40
Maamba Collieries seeks market for stockpiled coal
Minister of Mines and Minerals Development, Maxwell Mwale, told Parliament on Friday (Oct 2), that Maamba Collieries is looking for a market for about 40,000 metric tonnes of coal worth more than K60 billion. He said management has signed coal sales contracts with Lafarge Cement Zambia Plc for 18,000 metric tonnes worth about K10 billion and Zambezi Portland cement for 4,000 metric tonnes every month.
The mine has also clinched an order from the Democratic Republic of Congo (DRC) of 4,000 metric tonnes worth K1.2 billion and Malawi for 3,000 metric tonnes worth K900 million.
He said the stock piles of coal will be sold locally and to markets in neighbouring countrie
Minister of Mines and Minerals Development, Maxwell Mwale, told Parliament on Friday (Oct 2), that Maamba Collieries is looking for a market for about 40,000 metric tonnes of coal worth more than K60 billion. He said management has signed coal sales contracts with Lafarge Cement Zambia Plc for 18,000 metric tonnes worth about K10 billion and Zambezi Portland cement for 4,000 metric tonnes every month.
The mine has also clinched an order from the Democratic Republic of Congo (DRC) of 4,000 metric tonnes worth K1.2 billion and Malawi for 3,000 metric tonnes worth K900 million.
He said the stock piles of coal will be sold locally and to markets in neighbouring countrie