JCHX stakes $300m for Lubambe
Published On July 12, 2024 » 465 Views» By Times Reporter » Business, Stories
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By ANDREW MULENGA and CHATULA KANGALI –
JCHX Mining Management Company Limited has acquired 80 per cent shareholding of Lubambe Copper Mine (LCM) and pledged to inject US$300 million in the operations and extension of the mine’s lifespan.
ZCCM-Investment Holdings (ZCCM-IH) said JCHX had, through its wholly owned overseas subsidiary, Sudimo Mining Investment, acquired 80 per cent shares from EMR capital.
ZCCM-IH company secretary Charles Mjumphi (right) said in a statement that the 80 per cent shareholding acquisition in LCM includes claims on shareholder loans through a Share Sale and Purchase Agreement (SSPA).

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