Fuel price hike unsettles miners

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The Chamber of Mines of Zambia says the increase in fuel pump prices will negatively affect the operating costs for mining firms around the country.

Chamber President, Jackson Sikamo has observed that most mining firms around the country will be forced to put in place measures to mitigate the increment in fuel prices.

 

He, however, noted that members of the Chamber of Mines of Zambia are yet to meet and discuss the fuel hike and implications it will have on mining operations.

Yesterday, the ERB announced a marginal increase in fuel pump prices necessitated by the depreciation of the Kwacha against the United States dollars.

Mr. Sikamo says the fuel increment by the Energy Regulation Board- ERB was unexpected.

ZNBC

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