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