Limeco quicklime project gets boost
Published On August 12, 2024 » 294 Views» By Times Reporter » Business, Stories
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BY KENNEDY MUPESENI –
FIRERING Strategic Minerals, a company listed on the London Stock Exchange (LSE) has signed an agreement for the provision of a logistic service revenue stream at Limeco, its advanced quicklime project in Zambia.
According to a market update, Firering currently holds a 20.5 per cent stake in Limeco Resources located West of Lusaka, with an option to increase its interest to 45 per cent.
With historical investment exceeding US$100 million once fully operational, the company said it expected Limeco to become the largest quicklime operation in Zambia able to support the Copperbelt’s rapidly expanding copper production needs.
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