Deal #4763

Zambia
Created at
2015-09-09
Last update
2021-12-13
Last full update
2017-02-03

Land area

Intended size
230 000 ha
Size under contract (leased or purchased area)
  • [2011, current] 230000.0 ha
Comment on land area
Five large prospecting licenses.

Intention of investment

Intention of investment
  • [2011, current] Mining (230000.0 ha)

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
Mining licenses for the Trident project were granted in April 2011

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)
Comment on negotiation status
The project has an estimated capital cost of $2bn. First Quantum acquired the project through the purchase of Kiwara in January 2010.

Implementation status

Implementation status
  • [2012] Startup phase (no production)
  • [2015, current] In operation (production)
Comment on implementation status
Sentinel Mine -- Operation was delayed as the company discovered graves during the construction. Sentinel in operation in 2015. "Project go ahead for Enterprise is contingent on nickel price and concentrate export levy". Trident Royalties PLC $73 million equity financing for its Mimbula Copper Royalty in Zambia in 2021. The mining royalty company plan to achieve to produce copper at an anticipated annual run rate of 30,000 metric tons by late 2022.

Contract farming

Contract farming
No