Mopani Copper Mines Plc says the stories currently circulating, reporting large numbers of retrenchments are inaccurate.
Mopani Copper Mines Plc says it has continued reviewing the costs throughout the life cycle of its operation to ensure the company can continue to operate efficiently, safely and sustainably in the face of the current high operational costs.
In October 2018, Mopani launched a Voluntary Separation of Service exercise for employees who wished to take a voluntary separation package or go on early retirement.
The company in a statement obtained by Money FM News says it has been open about this process, which has been communicated to employees and the Unions.
Mopani says 46 of the employees who applied and met the criteria for voluntary separation of service were released in November 2018.
“Our priority for now remains to optimise operations and ensure we have a mine that provides a return on investment and long-term benefits for all stakeholders. The stories currently circulating, reporting large numbers of retrenchments are inaccurate,” read the statement.
The mining firm says it is are looking forward to the fruition of its investments in three new shafts at Synclinorium, Mindola Deeps and Henderson Shaft in Mufulira, and a new concentrator.
“Once all projects are fully commissioned we will improve our production levels, efficiencies and safety, in addition to extending the life of the mines,” said Mopani.

__________________________________________________________________________________________________________

MONEY FM is Zambia’s first and only business & personal finance radio station. We focus on business and money-related topics, as well as general news and discussion of wider social topics such as health, education, food, music, fitness and more.

_________________________________________________________________________________________________________