{"id":14631,"date":"2012-09-14T16:28:10","date_gmt":"2012-09-14T14:28:10","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/zambia-to-invest-120-mln-in-key-copper-railway-line\/"},"modified":"2012-09-14T16:28:10","modified_gmt":"2012-09-14T14:28:10","slug":"zambia-to-invest-120-mln-in-key-copper-railway-line","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zambia-to-invest-120-mln-in-key-copper-railway-line\/","title":{"rendered":"Zambia to invest $120 mln in key copper railway line"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LUSAKA, Sept 14<\/span> (Reuters) &#8211; Zambia will invest $120 million<br \/>\nto revamp a railway line linking Africa&#8217;s top copper producer<br \/>\nwith South Africa to move transport from road to rail, its<br \/>\nfinance minister said on Friday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Zambia exports the bulk of its copper through the port of<br \/>\nDurban in South Africa, but most mining companies transport the<br \/>\nmetal by road because railway transport has been unreliable.<\/p>\n<p><span><\/span><\/p>\n<p>Finance Minister Alexander Chikwanda told a media briefing<br \/>\nthat $120 million of the $750 million Zambia raised through a<br \/>\ndebut eurobond on Thursday would be spent on the rail line.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The matter of investing in Zambia Railways is of top<br \/>\npriority and of extreme urgency,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>Increasing use of rail will reduce the amount of money spent<br \/>\nrepairing roads damaged by heavy trucks, Chikwanda said.<\/p>\n<p><span><\/span><\/p>\n<p>The government this week canceled the lease of the railway<br \/>\nline awarded to private company Railway Systems of Zambia,<br \/>\naccusing it of mismanaging the company.<\/p>\n<p><span><\/span><\/p>\n<p>Mining companies operating in Zambia include Canada&#8217;s First<br \/>\nQuantum Minerals, Vedanta Resources Plc,<br \/>\nGlencore International and Barrick Gold Corp.<\/p>\n<p> (Reporting by Chris Mfula; Editing by Agnieszka Flak and Ed<br \/>\nStoddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LUSAKA, Sept 14 (Reuters) &#8211; Zambia will invest $120 million to revamp a railway line linking Africa&#8217;s top copper producer with South Africa to move transport from road to rail, its finance minister said on Friday. Zambia exports the bulk of its copper through the port of Durban in South Africa, but most mining companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14631"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14631\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}