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2024On March 14, Wang Pingwei, chairman and president of China Mineral Resources Group Co., LTD. (hereinafter referred to as "China Mineral Resources"), paid a visit to Zambian President Hilema in Lusaka。During the meeting, Wang Pingwei introduced to the President the development of China Mineral Resources in recent years, especially the investment and development plan in Zambia, and the two sides focused onKitumbaTopics such as the scale of copper mine development, investment progress, solving local employment and photovoltaic power generation were discussed in depth。President Hichilema expressed warm welcome and strong support for China Mineral Resources to increase investment in Zambia, and hoped that Kitumba copper mine will accelerate the pace of construction under the leadership of China Mineral Resources and put into production as soon as possible, making positive contributions to the development of Zambia's mining industry。Wang also met with Paul Kabuswe, Zambia's Minister of Mines, to discuss the development of the Kitumba copper mine。Wang Zhiwei, Assistant President of China Mineral Resources and General manager of Canada Tanco Mine, and Lou Yonggang, assistant president and senior manager of Operation Management Department, attended the meeting。
After meeting with the president, Wang Pingwei attended the signing ceremony of China Mineral Resources' acquisition of Kitumba copper mine, and signed the acquisition agreement on behalf of China Mineral Resources。Kitumba Copper mine is located in Lusaka, Zambia, about 240km west of the north, mining roads and other infrastructure is good, mining rights area of 248 square kilometers, mining rights valid from November 2014 to November 2039, is currently in the state of development。As of July 29, 2015, third party independent agencyMSA Group (Pty) Ltd.Issued in accordance with AustraliaJORCAccording to the resource estimation report of the Code (2012 edition), the accumulated amount of retained copper mineral resources discovered in the Kitumba copper mine area is 27.9 million tons, and the amount of copper metal is 61.40,000 tons, average grade of copper 2.2%。There are still many gravity and magnetic anomalies, IP anomalies and soil geochemical anomalies outside the discovered area in the mining area. Previous work has shown that the same type of IOCG copper mineralization is developed in the abnormal area, which has good ore-forming potential and prospecting prospect。
The acquisition was made by China Mineral Resources全资下属公司African Minerals Limited（以下简称“Afmin”）与Momentum Ventures Limited（以下简称“Momentum”）和Chifupu Resources Limited（以下简称“Chifupu”）分别签署《皇冠博彩手机app下载》，Afmin on aggregate basis consideration 5,$8.5 million in cash to acquire Momentum's 50% interest in Junction Mining Limited (" Junction ") and Chifupu's 15% interest in Junction。Junction's main asset is the Kitumba copper project in Zambia。Upon completion of this transaction, China Mineral Resources will hold a combined 65% equity interest in JunctionKitumba copper project65% interest。
Copper is an important raw material for the new energy industry and is widely used in solar energy, wind power and electric vehicles。After two years of investigation and demonstration，China Mineral Resources acquired stakes in Namibia's Tsumeb smelter and Zambia's Kitumba copper mine in a short period of time，It indicates that China Mining Resources is speeding up the layout of copper resources development，In the future, we will take a series of measures such as development and construction, exploration and storage, technological transformation and production improvement，Forming a copper industrial chain linkage，Provide new growth point for sustainable development of the company。
