Kagem invests US$11 million in new equipment

Filed under: Business,Latest News |
Kagem Mining has announced that it has invested US$11 million in new equipment to increase operational efficiencies at the world’s largest emerald mine.

The new investment is set to create more skilled local jobs. 100 direct jobs are expected to be created.

The equipment includes 13 Articulated Dump Trucks (ADTs) with a rated capacity of 45 tonnes each; two 6-cubic-metre Hydraulic Excavators and service equipment such as Water Bowser with 36,000 Litres carrying capacity, Tyre Handler, Telescopic Handler and other supporting equipment. These machines feature state of art technology to facilitate smooth, safe and productive operations.
Kagem General Manager Prahalad Kumar Singh says the additional capital infusion will improve the productivity with enhanced efficiency at reduced operational cost, adding “This is in line with our philosophy of continuous process improvement.”

“With the support of Gemfields’ management, the purchase of Kagem’s new machinery has resulted in increased capacity.   This further capital infusion will generate additional direct, permanent, pensionable employment to the tune of 100 and indirect employment of 70,” he said.

Singh has emphasised that preference will be given to the Lufwanyama communities for employment offers.

“Kagem is focused on investing in employee training in technical and operational areas with a special focus on safety of personnel and property and in employee welfare, such as improved accommodation with the best available architecture talent pool in Zambia.

“We are committed to investing in the future, not for short-term gains but for long-term sustainable growth for the company, the government, employees and all other stakeholders,” Singh said in a statement.

One Response to Kagem invests US$11 million in new equipment

  1. Ati worlds largest….?
    This company is shameless….
    It produces so much BT look at what zambian employees go with at the end of the month compared with what is given to foreigners doing the sem work…..
    What can one do with k2700 salary mwebantu sure have a heart for ur fellow zambians…….!

    Free lander
    November 13, 2018 at 9:16 am

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Start: 2019-07-01 End: 2019-07-31