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ZAMBIA: $250,000,000 INVESTMENT AIMED AT EXPANDING COPPER PRODUCTION CAPACITY AND ACQUIRING NEW EQUIPMENT, MOPANI COPPER MINES [ZAMBIA/CANADA/SWITZERLAND] - Order #: 1211100.
WWP-Business Opportunities in Africa & the Middle East, December, 2000
PROJECT OVERVIEW
MOPANI COPPER MINES acquired some copper producing assets in April 2000 as a result of the dismantling and privatization of the local state-owned ZAMBIAN CONSOLIDATED COPPER MINES (ZCCM). However, the acquired operations were in a loss-making position at the time. The Nkana and Mufulira mines, for that matter, had almost come to a complete halt because of the lack of spare parts and consumables.
As a result, MOPANI has now decided to invest $250,000,000 into its local activities in order to increase production output as well as purchase new equipment. Development plans call for expanding ore production at its Mufulira site from the current 1.8 million tons per year (t/y) up to 2.4 million t/y. Likewise production at Nkana is...
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