Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4368

Deal #4368 Version #67232

Zambia
Created at
2014-05-23
Last update
2017-01-23
Last full update
2022-03-29

Land area

Intended size
135 500 ha
Size under contract (leased or purchased area)
  • [2011, current] 135500.0 ha
Comment on land area
Equinox Minerals secured a long- term (99 years) land title to 35,000ha in May 2008. However the mining license covers 135500.

Intention of investment

Intention of investment
  • [current] Mining
Comment on intention of investment
Copper and uranium deposits - includes two major copper deposits, Malundwe and Chimiwungo, as well as 25 exploration prospects.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The mining licence is valid for 25 years (from January 2004) and is renewable for a further 25 years.

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)
Comment on negotiation status
Mine originally commenced in 2008, Barrick acquired the mine from Equinox Minerals. Barrick acquired the mine for $7.3bn.

Implementation status

Implementation status
  • [2011, current] In operation (production)
Comment on implementation status
Mine originally commenced in 2008, Barrick acquired the mine from Equinox Minerals.

Contract farming

Contract farming
No