CNMC targets $1.6bn investment
Published On November 13, 2024 » 552 Views» By Times Reporter » Latest News
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•PRESIDENT Hakainde Hichilema with China Nonferrous Metal Mining Company (CNMC) chairperson and chief executive officer Wen Gang at State House in Lusaka yesterday. Picture by STATE HOUSE

By CHUSA SICHONE –
CHINA Nonferrous Metal Mining Company (CNMC) has committed to expanding its investment in Zambia to approximately US$1.6 billion.
Among the additional investment pledges was $200 million in the development of Sino Metals’ Samba Mine.
CNMC had attracted overall investment of about $100 million in the Lusaka sub-zone of the Zambia– China Economic and Trade Cooperation Zone through two industry-related equipment plants that have shown strong interest to set base there, targeting to create about 5, 000 job opportunities for local people.

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