|Owner/Operator(s):||China Nonferrous Metals Co. Ltd.|
|Categories:||Mineral Processing and Metallurgical|
|Updated:||05 Apr 2011|
Chinese-owned NFCA Mining has stated developing a $832 million copper mine project in Zambia's Copperbelt province as it steps up efforts to boost copper production at its Zambian operations, Zambia's state media reported Monday.
The costs of developing Zambia's Mulyanshi Copper project have increased to at least $370 million from the earlier $350 million, but project development remains on course and is expected to commence output in the next 8-9 months, a company executive told Dow Jones Newswires Monday.
Zambia's investment pledges in 2010 more than doubled on the year propelled by interest in the country's manufacturing, agro processing and mining sectors, the Central Bank of Zambia said Wednesday.