CHINA’S DIVERSIFIED MINER PLANS TO OPEN MORE OPERATIONS IN ZAMBIA

ZHONGHUI MINING GROUP LIMITED, CHINA’S DIVERSIFIED MINER PLANS TO OPEN MORE OPERATIONS IN ZAMBIA IN ADDITION TO ITS  EARLIER INTERESTS TO START A COPPER MINE OPERATION NEAR THE BORDER WITH ANGOLA.
ZHONGUI LAST YEAR STAKED MORE THAN USD 3.5 BILLION TO START A NEW DIVERSIFIED COPPER, COAL, ZINC, LEAD AND ALUMINIUM MINE IN MWINILUNGA SHARING THE BORDER WITH NEIGHBORING ANGOLA.

ACCORDING TO AVAILABLE , TO DATE CHINA HAS INVESTED MORE THAN USD 4 BILLION IN THE MINING SECTOR ALONE WITH MORE THAN USD 3 BILLION BEING PLOUGHED INTO OTHER SECTORS INCLUDING AGRICULTURE, CONSTRUCTION AND RETAIL BUSINESS.
ZHONGHUI MINING LIMITED IS PRESENTLY IN NORTH WESTERN PROVINCE, UNDERTAKING LARGE SCALE EXPLORATION FOR MINERALS THAT INCLUDE COPPER, GOLD, ZINC AND OTHER BASE METALS.
CHINA NON FERROUS METALS AFRICA CORPORATION IS ONE OF THE COMPANIES THAT HAVE OPENED UP INVESTMENT IN THE ZAMBIAN MINING INDUSTRY OPERATING LUANSHYA COPPER MINE AND CHAMBISHI UNDERGROUND MINE AS WELL AS THE COPPER SMELTER WITH INVESTMENT IN EXCESS OF US$300 MILLION.

THE PLANNED OPENING OF THE CHINESE MINE IN MWINILUNGA, NEAR ANGOLA WILL OPEN MORE TRADE RELATIONS WITH THE OIL RICH COUNTRY AND NEIGHBORING ZIMBABWE, NAMIBIA, SOUTH AFRICA, BOTSWANA, SWAZILAND AND OTHER COUNTRIES IN THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY WITH THE PLANNED CONSTRUCTION OF THE RAILWAY LINE TO BE FUNDED BY THE AFRICA DEVELOPMENT BANK AND EXPECTED TO BE OPERATIONAL BY 2012.
THE PROJECT IS BEING UNDERTAKEN UNDER THE PUBLIC PRIVATE PARTNERSHIP PROGRAMME IN WHICH THE ZAMBIAN GOVERNMENT SEEKS TO ENCOURAGE THE PRIVATE SECTOR TO DRIVE THE ECONOMY.

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