CHAMBISHI, Zambia, (Xinhua) --
Chinese mining firm Nonferrous China
Africa (NFCA) on Wednesday launched production work for its
greenfield project in Chambishi town on the Copperbelt Province
with Zambian President Edgar Lungu hailing it as an example of
The South East Ore
Body is the latest project of the Chinese firm since its
acquisition of Chambishi Mine 20 years ago. About 870 million
U.S. dollars has been invested in the new project.
“This project is an
affirmation of the seriousness that Nonferrous China Africa
attaches to investing in our country. It is also a signal that
Zambia’s investment climate is conducive for the mining
industry,” the Zambian leader said at the commissioning of the
The Zambian leader
commended the Chinese firm for its resilience in ensuring that
the project comes to fruition despite the country going through
turmoil following depressed copper prices on the international
market and an energy crisis the country faced.
The coming on board
of South East Ore Body will make up for the decline in
production in other operations due to depletion of resources or
other challenges being faced, he added.
The commencement of
mining, he said, was significant to the local people in the town
as the new project was expected to boost the mine’s life span by
about 24 years, adding that the extension of operations implies
more business opportunities for the local people.
He further commended
the Chinese firm for reviving mining operations in the town
following its acquisition of Chambeshi Mine which had been on
care and maintenance.
Li Jie, Chinese
Ambassador to Zambia, said the development of the new project
was significant not only for the mining firm but the country’s
mining industry as well as practical cooperation between the two
The Chinese envoy
said the firm has invested 1.17 billion U.S. dollars since
resumption of operations of Chambishi Mine, adding that the new
project was the third body built by the firm.
He further said
Zambia was now being considered as a conducive environment
destination in Africa for Chinese enterprises because of its
stable political situation, among other things.
Chairman of China Nonferrous Metal Mining (Group), the parent
company, said Zambia was the most critical area for its overseas
The firm, he said,
has 14 subsidiaries in the southern African nation which have
invested in three mines, three smelters and an economic facility
He further commended
the Zambian government for its unwavering support to the
company’s investment in the last 20 years, adding that more than
5, 000 jobs will be created at the new project.
According to him,
the China-Zambia cooperation was an ongoing process which will
never stop and that the forthcoming Forum on China-Africa
Cooperation (FOCAC) summit next month will open a new chapter
for closer ties.