Category: Mergers & Acquisitions

JCHX Mining is in the final stages of acquiring an 80% stake in Zambia’s Lubambe copper mine from EMR Capital, sources informed Reuters. This move marks another significant acquisition by Chinese firms expanding their footprint in Africa’s copper mining sector. The Shanghai-listed mining services and contracting firm’s deal, nearing completion, had faced potential competition from Abu Dhabi’s International Resources Holding (IRH), which later withdrew its interest. This development has cleared the path for JCHX Mining to proceed with the transaction. Under the agreement, Zambia’s state firm ZCCM-IH will retain a… Read More Here

International Resources Holding (IRH), the mining investment arm of Abu Dhabi’s International Holding Company, is engaged in discussions to purchase a stake in Vedanta Resources’ Zambian copper assets, according to Chris Griffith, Vedanta’s chief executive for base metals. IRH, part of a conglomerate with assets totaling approximately $244 billion, is conducting due diligence on acquiring a stake in Konkola Copper Mines (KCM). This interest underscores IRH’s commitment to expanding its presence in copper mining, as indicated in previous statements to Reuters. Griffith confirmed that besides IRH, other investors have shown… Read More Here

Johannesburg- and London-listed Jubilee Metals has acquired two opencast copper mining operations in Zambia. “The strategic acquisition of these two opencast operations demonstrates our ability to leverage our process capabilities to secure significant near-surface copper resources already in operation,” said Jubilee CEO Leon Coetzer. Jubilee Metals, chaired by former Mpumalanga Premier Mathews Phosa, continues to advance as a diversified metals producer. Jubilee, listed on AltX and Aim, specializes in the recovery of metal from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials, and tailings in South Africa… Read More Here