CNMC to invest $1.5bn in Luanshya Copper Mine

By Sharon Siame

China Nonferrous Mining Corporation Limited -CNMC- says it will complete the dewatering of Luanshya Copper Mines by the end of 2025.

And CNMC says it plans to invest close to 1.5 billion dollars to rehabilitate and expand production at Luanshya Copper Mines.

CNMC Chairperson WEN GANG said his company also wants to invest in developing a new Mine called Samba Mines.

Mr. WEN disclosed this when he called on President HAKAINDE HICHILEMA at State House in Lusaka today.

And President HICHILEMA has welcomed the developments at Luanshya Copper Mines and has expressed happiness over the investments in the Mine in the form of Technology and capital.

President HICHILEMA said the country needs growth and investment such as the one from CNMC.

The President has directed that the issues discussed with Mr. WEN in Beijing regarding licence overlap to develop new businesses and tax incentives should be resolved by the relevant authorities.