An unknown number of people are set to lose jobs at Moolman Mining Zambia Limited following the termination of the contract between the company and Lumwana Mining Company in Solwezi.
Lumwana Mine and Moolman Mining Zambia have agreed to terminate their contract effective 26th April,2013 .
In a joint statement released to QFM this morning, the two companies have pledged to, in recognition of their statutory and contractual obligations under take to fully honour the provisions of any existing contracts and fully adhere to all of the Zambian legal requirements.
The parties further undertake that negotiations in good faith with recognized trade unions has commenced with a view to concluding settlement agreements with the affected employees in an expeditious manner and that the outcomes will be immediately conveyed to the relevant government officials.
Moolams has since assured all its current stakeholders that their interests will be dealt with in a fair and equitable manner.
And Lumwana mine has assured the Zambian government and the public that they are fully committed to their operations at Lumwana mine.