China launches initiative to inject $5bn in Zambian mines

By Mark Ziligone

China has launched the Chinese Mining Enterprise Association in Zambia -CMEAZ- an initiative which is set to inject five billion dollars in the mining industry by 2031.

Speaking during the launch in Lusaka today, Mines and Minerals Development Minister PAUL KABUSWE said the association will contribute to Zambia’s three million tonnes copper production strategy.

Mr. KABUSWE is pleased that the Association will also serve as a platform for Chinese mining companies operating in Zambia to put their efforts to enhance cooperation with the government.

He said this in a speech read on his behalf by Director Planning and Communication TOBIAS MUSONDA during the launch of the Chinese Mining Enterprise Association in Lusaka.

And Chinese Ambassador to Zambia HAN JING said companies from China have made significant investments of over 3.5 billion dollars over the past 25 years.