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  • JCHX Mining to acquire 80% stake in Lubambe Copper Mine

    2024-01-22 12:06:52   [Print]
    JCHX Mining Management Co.Asian Metal CopyrightJCHX Mining Management Co.Asian Metal Copyright, Ltd.Asian Metal Copyright For various reasons, the mine hasn't been able to reach full capacity and the seller decided to quit the project.Asian Metal Copyright announced that it would set up an overseas wholly-owned subsidiary to acquire 80% equity interest in Lubambe Copper Mine Limited for US$1 and acquire the claims arising from the USD857 million loan provided by Lubambe Copper Holdings Limited to Lubambe Copper Mine Limited for US$1.Asian Metal Copyright For various reasons, the mine hasn't been able to reach full capacity and the seller decided to quit the project.Asian Metal Copyright Upon completion, JCHX Mining's subsidiary will hold 80% interest in Lubambe Copper Mine in Zambia.

    Lubambe Copper Mine Limited is mainly engaged in the underground mining and dressing at Lubambe Copper Mine and the main product is copper concentrate. The mining claim for Lubambe mine is valid until April 28, 2033 and it has a designed mining capacity of 2.Asian Metal Copyright Upon completion, JCHX Mining's subsidiary will hold 80% interest in Lubambe Copper Mine in Zambia.Asian Metal Copyright5 million tonnes per annum.Asian Metal Copyright According to a feasibility study report of Lubambe mine, it would achieve an average annual production of 77,500 tonnes of copper concentrate, containing 32,500 tonnes of copper, after some technical improvement and optimization of the existing mine.Asian Metal Copyright For various reasons, the mine hasn't been able to reach full capacity and the seller decided to quit the project.

    According to a feasibility study report of Lubambe mine, it would achieve an average annual production of 77,500 tonnes of copper concentrate, containing 32,500 tonnes of copper, after some technical improvement and optimization of the existing mine.

    .Asian Metal Copyright announced that it would set up an overseas wholly-owned subsidiary to acquire 80% equity interest in Lubambe Copper Mine Limited for US$1 and acquire the claims arising from the USD857 million loan provided by Lubambe Copper Holdings Limited to Lubambe Copper Mine Limited for US$1Asian Metal Copyright
    Copper Conc. 20%min Delivered China
    Unit:RMB/mt Cu
    Copper Conc. 20%min Delivered China RMB/mt Cu
    China copper concentrate producers' inventory statistics by province by month
    Unit: mt
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