Zambia's mining industry, making a comeback after a five year depression, has received a new boost with the discovery of Uranium.
Zambia's mining industry, making a comeback after a five year depression, has received a new boost with the discovery of Uranium. As the country's ailing copper mines started making profits again in the wake of record prices, the government announced the establishment of Zambia's first Uranium mine.
SYNOPSIS: Millions of dollars have been spent in the hunt for uranium over the last nine years. Now it's been found in Zambia's Gwembe Valley. The programme to get it out of the ground was officially launched by Mines Minister Mufaya Mumbuna.
His nationalistic message underlined the importance Zambia is placing on finding commercial quantities of uranium. Mr Mumbuna said it was part of the government's plan to diversify the economy without delay. The Zambian economy has been hard hit over the past five years by a temporary slump i copper prices, the increasing cost of oil and serious transport problems. The search for uranium is being carried out by the Italian Mining group, Agip Spa, Mr Mumbuna said the Gwembe valley operation would initially employ a hundred people with the prospect of many more jobs if large deposits were found. He also repeated a pledge by Zambia's President Kenneth kaunda that any uranium mined would only be used for peaceful purposes. In launching the drilling programme the Minister said Zambia would be guaranteed a voice in the world.