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Deal #5126 Version #71087

Zambia

Created at

2016-07-21

Last update

2020-01-28

Last full update

2017-01-27

Land area

Intended size

7 900 ha

Size under contract (leased or purchased area)

[2010, current] 7900.0 ha

Comment on land area

The Company has total estimated reserves of 140 million tonnes comprising high grade and thermal grade coal, spread over 1070 hectares out of a total concession area of 7900 hectares.

Intention of investment

[current] Mining

Comment on intention of investment

Open pit coal mining

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Negotiation status

[2010, current] Concluded (Contract signed)

Comment on negotiation status

In 1969, the German company called SOFRE-MINES planned and developed the Maamba Coal Mine under the supervision of National Coal Board of Zambia. In 1971, the National Coal Board of Zambia which co-ordinated the development of coal in Zambia since 1966 was dissolved and Maamba Collieries Limited was established and incorporated as a limited company in Zambia wholly owned by the Government of the Republic of Zambia (GRZ). In 2008, ZCCM – IH bought 100 % shareholding of Maamba from the Government. In 2010 Maamba Collieries Limited was privatized through Joint Venture Partnership between ZCCM-IH and Nava Bharat Singapore Pty Limited.

Implementation status