Zambia’s Mining Sector Triumphs: Kitumba Mine Dispute Resolved, $500M Investment Unveiled!
Big news from the heart of Zambia’s mining sector!
We’re ecstatic to announce a major breakthrough in the resolution of the Kutimba Mine dispute, paving the way for an incredible half-billion-dollar investment!
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Big news from the heart of Zambia’s mining sector!
We’re ecstatic to announce a major breakthrough in the resolution of the Kutimba Mine dispute, paving the way for an incredible half-billion-dollar investment!
The Ministry of Mines joyfully unveils an Investment Agreement between Junction Mining Limited, custodian of the esteemed Kitumba Mine, and Sinomine Resources Limited. And guess who made it all happen? None other than Cooperlemon Consultancy Ltd!
Over the past 5 years, this precious resource lay entangled in legal disputes. But thanks to Cooperlemon’s expert guidance, all hurdles have been cleared for smooth sailing ahead.
Our role? We didn’t just broker a deal; we meticulously handpicked the perfect investor, one with an impeccable track record and the financial muscle to realize the mine’s full potential. Now, let’s dive into the details: Development kicks off in the 2nd Quarter of 2024, with an initial investment of a whopping USD$500M. And within 36 months, we’re looking at full-scale production!
Situated just 40 kilometers northwest of Mumbwa town, Kitumba Mine is a treasure trove of resources—Iron, Copper, Gold—all poised to enrich our local economy and community.
With Cooperlemons own Tolayi Sikumba now placed as serving as board member and having successfully secured the investment required to actualise the mine, it is with full intent that the initial mine development work commence within the 2nd Quarter, 2024, with the objective of
having the mine fully operation within 36 months.
What’s in store for the future? How about 1,500 direct jobs and 2,000 indirect opportunities? Plus, a surge in local trade, corporate social responsibility initiatives, and support for neighboring satellite mines!
But wait, there’s more! We’re talking about significant infrastructure development, from grid electricity extensions to enhanced road networks, community schools, clinics, and beyond.
And let’s not forget the icing on the cake—revenue generation for the government through taxes and levies, ensuring sustainable growth for years to come!
With Cooperlemon at the helm, local disputes don’t need international intervention. We’ve got the expertise, the vision, and the commitment to make Zambian dreams a reality!
For more information about Cooperlemon Consultancy Limited and The Bushbaby Foundation, visit our respective websites at www.cooperlemon.com and www.thebushbaby.org
Together, let’s make a difference!
– Cooperlemon Consultancy Limited
