CNMC to Invest $1.5 Billion in Luanshya Copper Mines Expansion and New Samba Project
China Non-ferrous Mining Corporation Limited (CNMC) has announced plans to invest nearly $1.5 billion to rehabilitate and expand operations at Luanshya Copper Mines in Zambia.
This major investment aims to increase production and modernize the mining facilities, supporting Zambia’s growing copper industry.
The dewatering of Shaft 28, a critical step in the mine’s rehabilitation, is expected to be completed by the end of 2025, according to CNMC.
Additionally, CNMC Chairperson Wen Gang stated the company’s interest in developing a new mining site, named Samba Mines, which will further boost Zambia’s copper output.
President Hakainde Hichilema, meeting a CNMC delegation at State House in Lusaka, expressed appreciation for the company’s commitment to advancing Zambia’s mining sector.
“I’m very pleased that the chairman has upheld his commitment to invest nearly another $1.5 billion. This is a significant amount, and it deserves recognition,” President Hichilema said.
The President also directed relevant authorities to address recent discussions with Mr. Wen in Beijing, focused on resolving overlapping mining licenses, creating tax incentives, and clearing paths for new business developments in the sector.
A CNMC spokesperson noted that about 26% of the planned dewatering has been completed, equating to roughly 130 million cubic meters of water.
In addition to aiding mine rehabilitation, the extracted water will help address regional drought issues and supply water to three nearby hydropower stations.
Achieving a national copper production target of 3 million tonnes per year by 2031 remains a priority for President Hichilema’s administration.
CNMC’s increased investment in Luanshya Mines aligns with this goal and comes shortly after Anglo American Mining Corporation renewed its interest in Zambia’s mining sector, marking its return nearly two decades after its exit.
