FOLLOWING the recent working visit to China by President Hakainde Hichilema, China has committed to invest 1.5 billion US dollars to rehabilitate Luanshya Copper Mine and other assets.
This was revealed by China Nonferrous Metal Mining Company (CNMC) who paid a courtesy call on President Hichilema at State House yesterday.
CNMC leadership was invited to Zambia by President Hichilema to explore new opportunities and consider increasing their investment in existing assets.
CNMC Chairperson Wen Gang revealed that his mining company is also planning on investing into a new mine called Samba Mines.
Gang stated that his company is set to complete the dewatering of Shaft 28 by the end of 2025.
And President Hichilema extended gratitude to Chinese President Xi Jinping and the Chinese government for their shared vision and commitment to the development of both nations.
“This investment, accompanied by advanced technology and expansion will extend operations at these sites, creating more jobs and opportunities for Zambians, especially in mining contracting and supply sectors, thereby contributing to our economic growth,” said President Hichilema.
By Catherine Pule
Kalemba, November 13, 2024
