Deal #5123

Zambia
Created at
2016-07-20
Last update
2021-12-20
Last full update
2017-01-27

Land area

Intended size
24 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 24000.0 ha
Comment on land area
The greater Lubambe mining licence area includes the extensions of the copper mineralisation from the current south and east Limb of the current mine to the Konkola basin in the south as well as the area to the east, covering the Kawiri and Kawiri North basins. The extension of the Lubambe Copper Mine includes the expansion of operations into an area six kilometres south of the current mine, within the allocated Large-scale Mining Licence area, along the Konkola basin. The current expansion plans are to start construction in 2023 and to bring the mine into production around 2028.

Intention of investment

Intention of investment
  • [2010, current] Mining (24000.0 ha)
Comment on intention of investment
Underground copper and cobalt mine- main focus on copper.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
Life of mine is estimated at 28 years.

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2010] Startup phase (no production)
  • [2012, current] In operation (production)

Contract farming

Contract farming
No