An aerial view of Sino-Metals Leach Zambia. CHINA DAILY Sino-Metals Leach Zambia, or Sino-Metals, a subsidiary of China Nonferrous Metal Mining, or CNMC, is China's first large-scale copper hydrometallurgy enterprise invested overseas. In September 2023, Zambian President Hakainde Hichilema visited CNMC, where he witnessed the signing of the work agreement for the development of the Samba mine project between CNMC …
In July 2023, the BOC Luanda branch participates in the China-Angola Economic and Trade Cooperation Forum. Upon understanding their situation, BOC's Luanda branch carefully assessed the needs of the Chinese enterprises, established trading channels on Bloomberg's trading platform FXGO and improved the infrastructure of the foreign exchange market. CHINA DAILY While participating in local foreign exchange market transactions and supporting …
Vedanta Resources Ltd. has agreed to pay $250 million owed to its creditors in Zambia after it resumes control of the copper mines that were seized by former President Edgar Lungu's administration in 2019. Vedanta Resources Limited founder Anil Agarwal has vowed to invest $1 billion in Konkola, leading to more than double copper production from the plant. First Quantum …
