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.

Contact Information

  • Global Headquarters: WASHINGTON
    1050 Connecticut Ave. NW, 10th Floor
    Washington, District of Columbia 20036
    United States of America
    Phone: 571-207-0211
    Fax: 202-217-4050
    info@iibdevelopmentgroup.com
  • Harare Office
    5th Floor, Shanda House,
    17 Park Street
    Postal Address
    P.O. Box ST 523,
    Southerton,
    HARARE
    Tel:+263 (4) 706-762 / 252-224 / 752-616
    Fax:+263 (4) 250-539
    Cell:+2637-1240-0523 / 912-571-317
    info@cnmybj.co.zw
  • Bulawayo Office
    3rd Floor, Fidelity Life Centre,
    Cnr 11th Avenue/Fife Street
    Postal Address
    P.O. Box FM 254,
    Famona
    BULAWAYO
    Tel:+263 (9) 75-709 / 75-719
    Fax:+263 (9) 75-719
    cnmybjbyo@gmail.com

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