CHINA PUTS $200m INTO ZAMBIAN COPPER

CHINA will invest $200-million in a Zambian mine as part of Beijing’s effort to ensure a stable supply of raw materials, an official said on Wednesday. Officials said the rehabilitation of the Chambishi copper mine is at an advanced stage and production is expected to resume later this year. The Chinese group bought an 85% stake in Chambishi from largely state-owned Zambia Consolidated Copper Mines in June 1998 for $20-million in cash.
ZCCM retains a 15% stake in the mine.

Client Media Releases

Durban team reaches Enactus World Cup semi-finals
IIE Rosebank College opens campus in Cape Town
Pharmacen makes strides in 3D research for a better life for all
UKZN neurosurgeon on a mission to treat movement disorders
Teraco achieves global top 3 data centre ranking
ContinuitySA's Willem Olivier scoops BCI award
MBDA to host first Eastern Cape Fashion and Design Council
Sanral puts out N2/N3 tenders worth billions
EPBCS lives up to expectations
The benefit of unpacking your payslip