Sinomine Resources Expands Global Reach with Strategic Acquisitions in Namibia and Zambia
Founded in 1999, Sinomine Resources Group Co., Ltd. has rapidly expanded its operations across more than 40 countries and regions spanning Asia, Africa, Europe, America, and Oceania.
With branches in key locations such as China, Canada, the United States, the United Kingdom, Norway, Zimbabwe, the Democratic Republic of the Congo (DRC), and Zambia, the company has established a robust international presence.
In March 2024, Sinomine (Hong Kong) Rare Metals Resources Co., Ltd., a wholly-owned subsidiary, completed the acquisition of the Tsumeb smelter from Dundee Precious Metals Inc.
This acquisition, valued at US$49 million in cash, included Dundee’s 98% issued shares of Dundee Precious Metals Tsumeb Holding (Pty) Ltd.
The Tsumeb smelter is renowned for its capability to handle complex, high-arsenic-copper concentrates. Situated with convenient rail access to the Atlantic port of Walvis Bay, the smelter boasts mature technology, well-developed infrastructure, and a processing capacity of 260,000 tons/year.
Plans for a technical upgrade aim to increase this capacity to 370,000 tons/year, enhancing production of blister copper and sulfuric acid.
Sinomine Resources Group Co., Ltd. focuses on lithium battery new energy materials, rare light metals (caesium, rubidium) resources, and solid mineral exploration and mining rights development.
The company is engaged globally in mining lithium ore, developing and selling lithium salts, and mining caesium-rubidium ore for similar salts.
Through geological exploration and acquisition of high-quality lithium and caesium ore resources, Sinomine ensures self-sufficiency in raw materials while providing professional geological exploration services.
Chairperson Wang Pingwei emphasized Sinomine’s commitment to responsible mining practices during discussions with Namibia’s ambassador to China, Elia Kaiyamo. Sinomine has garnered trust and support in Zimbabwe, Zambia, the DRC, and other African nations where it operates.
Wang expressed Sinomine’s dedication to the Namibian market, outlining plans to comply strictly with local laws in delivering and expanding the Tsumeb copper smelter.
Post-acquisition, the company aims to accelerate construction and inject new vitality into the project, contributing significantly to Namibia’s economic and social development.
Kaiyamo, visiting Sinomine headquarters, expressed optimism for the Tsumeb smelter’s role as a landmark project in China-Namibia “Belt and Road” cooperation, anticipating job creation and wealth generation for local communities.
Following the Tsumeb acquisition, Sinomine embarked on another significant venture in Zambia with the signing of the Kitumba Mine acquisition.
Located 240 km west of Lusaka, the Kitumba Copper Mine spans 248 square kilometers with well-developed infrastructure. Sinomine’s African Minerals Limited acquired a 65% equity interest in Junction Mining Limited, which owns the Kitumba Copper Project.
The mine holds a cumulative retained copper resource of 27.9 million tonnes, signaling substantial potential for copper production.
Additionally, Sinomine jointly operates the Kahishi Copper-Gold Mining and Dressing Cooperation Project in Zambia. This project, with daily ore processing capacities and significant copper reserves, underscores Sinomine’s strategic focus on expanding its copper resource portfolio.
Sinomine Resources Group Co., Ltd.’s strategic acquisitions in Namibia and Zambia mark a pivotal expansion phase, reinforcing its position in the global mining industry.
The company’s comprehensive approach to resource development and operational expansion aims to establish robust links across the copper industry chain, fostering sustainable growth and development.
