$500m injected into old Luanshya mine: Investment will create 3,000 jobs, produce 40,000 tonnes of copper concentrate per year



FOLLOWING an investment of US$500 million, old Luanshya Mine, which is being reopened by CNMC-Luanshya Copper Mines (LCM), will create over 3,000 direct and indirect jobs while producing 40,000 tonnes of copper concentrate per year.

The copper mine, commonly known as 28 Shaft by locals, has been dormant for over 22 years because it is water-logged.

LCM chief executive officer Wang Jingjun said the mining firm is conducting a feasibility study to reopen the mine, which has a lifespan of over 20 years.

Mr Wang said in an interview yesterday that dewatering of the flooded copper mine will commence in April next year as the rainy season ends.

He said the undertaking is to fulfil the outcome of the talks held between President Hakainde Hichilema and CNMC chairman Xi Zhengping during the former’s visit to China in September this year.

Read more: eNews Daily Mail | Without Fear Or Favour (daily-mail.co.zm)