THE Association of Mine Suppliers and Contractors (AMSC) says payment to contractors and suppliers at Mopani Copper Mines PLC will have a positive effect on the market and economy. Last month, Mopani disclosed that it had started clearing the outstanding payments to contractors and suppliers following the inflow of funding from the mine’s new investors, International Resources Holdings (IHR). In an interview, Monday, AMSC president Costa Mwaba confirmed that contractors and suppliers had started receiving their payments in a phased approach prioritising contractors. Yes yes, [we have started receiving]. Contractors, especially on development have started receiving because remember development also stalled and contractors demobilised. So, in the phased funding we obviously got the first tranche to deal with the contractors...

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