white bar

SUBSIDIARY NAME

COPPER FLOTATION PLANT

COUNTRY

ZAMBIA

SECTOR/ INDUSTRY

DEVELOPMENT

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

APR 16, 2022

ACQUISITION VALUATION

150 MILLION USD

TOTAL ASSET VALUATION

1.5 BILLION USD

MINING

COPPER FLOTATION PLANT: Mwambashi Resources has set up a copper flotation plant in mwinilunga, Zambia which is currently treating 120 tons per day of copper ore. The capital injection will enable the expansion, and upgrade of the current infrastructure to be able 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 current processing plant

white bar