| . | Product/Service | Copper cathodes and concentrates |
|---|---|---|
| . | Shareholding | ZCCM-IH: 20%, CNMC: 80% |
| . | Sector | Mining |
| . | Location | Luanshya, Copperbelt |
| . | Website | www.cnmcl.net |
| . | Social Links | . |
Company Profile
CNMC acquired an 85% stake in Luanshya Copper Mines (“LCM”) in 2009 for US$ 50 million from Enya Holdings BV (“Enya”) following the suspension of operations at Baluba Centre Mine in the advent of the Global Financial Crisis. Immediately post-acquisition, CNMC changed the name of the mine to CNMC Luanshya Copper Mines (“CNMC-LCM”), and it initially held an 85% shareholding stake in CNMC-LCM, and later transferred a 5% stake to ZCCM-IH to achieve a 80 %: 20% shareholding structure per the terms of the acquisition. Therefore, ZCCM-IH currently holds a 20% stake whilst CNMC holds an 80% stake.
Contact Information
Registered Office
Room 1201, Allied Kajima Building
138 Gloucester Road, Wanchai, Hong Kong
Phone: 8610-84426886
Principal Place of Business in Zambia
32 Enos Chomba Road
Kitwe, Zambia
Key Company Highlights
