Foveros Mining
Diversifying to become World ClassA year on, we speak with John Samaras of Foveros Mining about the government’s continual drive to enhance local skill levels and aid economic expansionWriter Emily JarvisProject Manager Arron Rampling Foveros Mining earth moving and plant hire was established in April 2006 to cater for the growing demand for earth moving equipment in Zambia. From modest beginnings in the agriculture sector the company now owns a fleet of assorted excavators, articulated dump trucks, graders, bull dozers and support equipment. Foveros Mining forms part of the Olympic Milling Group of companies located in the Copperbelt Province of Zambia Central Africa. The group is involved in a diverse mix of industry including, maize/wheat milling, arable farming, livestock farming, stock feed manufacturing, energy and power generation, infrastructure development and waste management. Not only are they diversifying in terms of industry offering, but they are also diversifying in the face of economic growth.Since we last spoke with Mr Samaras in Issue 10 of our magazine, Foveros Mining have focussed their energies on expanding their fleet and scaling up their operations. “In terms of our capacity, we have successfully increased our workload by almost 50 percent,” Samaras adds. Moreover, the current economic stability in Zambia’s mining sector has been a huge contributor to this growth, providing the firm with a favourable market in which to diversify their offerings. “Our local expansion into Zambia and the neighbouring countries such as the DRC has also been a contributor to our prosperity and diversification as we have expanded our service…
Foveros Mining & Construction
When The Earth Moves The current agricultural and mining policies that the Zambian Government has in place will see earth moving and plant hire firm Foveros Mining expand says CEO John Samaras. Writer Ian Armitage Project manager Arron Rampling This is a unique moment in time for Africa and there are a lot of exciting things happening across the continent. It is becoming less volatile, creating a better environment for business development, and there is far greater stability. What's more, six of the top ten fastest growing economies in the world are in Africa. There is a rapidly growing middle class. And urbanisation is increasing faster than the infrastructure is able to keep up with. These are undeniable facts that bode well for "the right players," says John Samaras, CEO of Zambian earthmoving and plant hire firm Foveros Mining. Naturally, he is looking to tap into the opportunities as he sees them. "Zambia is Africa's top copper producer and has enjoyed a spectacular boom; it has been great for business." He has a point. The main stakeholders in Zambia's mining industry – the likes of First Quantum Minerals, Vedanta Resources, Barrick Gold, and Vale – are either scaling up investment or expanding production capacity and there is a reported $6 billion coming into the country's mining sector. The Government says it plans to increase copper production, which dropped to 824,976 tons last year from 881,108 tons the previous year, to about 1.5 million tons in the next five years. "There are obviously opportunities for us in…
