/ 18 March 1999

MITSUI MAY BID FOR KONKOLA

JAPAN’S Mitsui Corporation is assessing the potential of Zambia’s Konkola Deep Mining Project with the possibility of taking an equity interest. The lead investor, Anglo American, has already stated that it wishes to work with seasoned developers on the KDMP as the resources required are enormous. Mitsui wishes to secure a long-term copper concentrates (enriched ores after removing waste) supply for its smelting operations in Japan.