Zambia
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
COPPER FLOTATION PLANT | ZAMBIA | DEVELOPMENT | 70% IIB-DG | APR 16, 2022 | 150 MILLION USD | 1.5 BILLION USD |
WASTE TO ENERGY PROJECT | ZAMBIA | ENERGY | 70% IIB-DG | JUN 1, 2022 | 1.606 BILLION USD | 16.06 BILLION USD |
MINING
COPPER FLOTATION PLANT: Mwambashi Resources has set up a copper flotation plant in Mwinilunga, Zambia, currently treating 120 tons per day of copper ore. The capital injection will enable the expansion and upgrade of the current infrastructure to extract and treat the gold and cobalt contained in the ore. In addition, the company wants to set up a subsidiary branch which will be a scale-up of the existing processing plant.