Jinchuan finally makes money from Chibuluma copper, gets green light for Musonoi

摘要

Chibuluma Mines, a Zambian subsidiary of the Chinese company Jinchuan Group, on 28 December signed an agreement granting the right to another company to exploit its Chifupu deposit for the next five years. The company - whose name has not been disclosed - must fork out $6.2m over the next two years for the right to extract ore from the deposit at Chibuluma mine in Copperbelt Province and then to market it worldwide. It must also pay monthly royalties based on the volume of copper produced and sold.