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2024On August 16, the opening ceremony of Kitumba copper mine of China Mineral Resources Group Co., LTD. (hereinafter referred to as "China Mineral Resources") was held。Presidents of ZambiaHichilemaHe led the Zambian Minister of Mines, the Governor of the Central Province and many other senior government officials and local chiefsHan Jing, Chinese Ambassador to Zambia, Wang Pingwei, Chairman and President of China Mineral ResourcesWang Zhiwei, assistant president and chairman of China Mining Cartoon Bar Mining Co., LTDAttended the ceremony and delivered a speech, shareholders representatives of China Mining Katumba Mining Co., Ltd. and more than 200 representatives of Chinese-funded enterprises from Zambia, Zimbabwe and Namibia witnessed the commencement ceremony。
President Hichilema said in his speech that it is the right time for China Mineral Resources to bring mining investment to Zambia at the historic moment of the 60th anniversary of the establishment of diplomatic ties between China and Zambia。The investment of China Mining Corporation's Katumba mining project will bring considerable capital investment and advanced technology to Zambia, create a large number of local jobs and business opportunities, and will strongly promote local economic development and social progress, benefiting the Zambian people and improving their lives。In particular, it is worth mentioning that the solar power plant to be built by the Cartoon Ba copper mine project of China Mining will bring welcome changes to the local area。This can not only effectively alleviate the local energy shortage problem, reduce energy costs, but also provide stable energy support for the development of various industries, and promote the overall progress of local industry and people's livelihood。Zambian governments and departments at all levels will provide full assistance to support the local development of China Mineral Resources and ensure the smooth progress of the project。The Zambian government looks forward to working together with China Mineral Resources to create a better future。The investment of China Mining Resources in Zambia is undoubtedly another example of China-Zambia friendly cooperation, and I believe that with the joint efforts of both sides, it will inject more powerful impetus into Zambia's development and benefit the two peoples。
Chairman Wang Pingwei said that we will speed up the pace of construction of Katumba Copper mine, put into production as soon as possible, and produce benefits as soon as possible。同时，Additional geological exploration work will be carried out, including increased drilling to increase the amount and grade of copper resources and improve the overall economic efficiency of the mine,To make new contributions to the development of Zambia's mining industry。China Mineral Resources as a responsible Chinese enterprise，We will actively fulfill our social responsibilities，Provide employment and vocational training for local residents，Follow government guidelines，Gradually improve supporting facilities，Build a living town that benefits employees and their loved ones，We strongly support public welfare undertakings such as education, health and infrastructure in local communities，To bring more benefits to the Zambian people。It is believed that the development and construction of Katumba Copper Mine will become a milestone project in the copper business layout of China Mining Resources, and will also become a model project of China-Zambia cooperation, and the tree of friendship between China and Zambia will surely add new flowers。
Katumba copper mineLocated 210km west of Lusaka, Zambia, the mining area has good road conditions and other infrastructure, and the mining rights area is 248 square kilometers。As of July 29, 2015, third party independent agencyMSA Group (Pty) Ltd.Issued in accordance with AustraliaJORCAccording to the resource estimation report of the Code (2012 edition), the accumulated amount of retained copper mineral resources discovered in the Katumba copper mining area is 27.9 million tons, and the amount of copper metal is 61.40,000 tons, average grade of copper 2.2%。There are still many gravity, magnetic and IP anomalies and soil geochemical anomalies outside the discovered area in the mining area. Previous work has shown that the same type of IOCG copper mineralization is developed in the abnormal area, which has good ore-forming potential and prospecting prospect。
