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Mine investor stakes K250 million in feasibility study

AN AUSTRALIAN company says it will spend US$25 million (K250 million) on drilling five shafts and on a two-year feasibility study for the establishment of a new underground mine in Chililabombwe between now and 2020. And Government says establishment of new mining projects in the country is expected to increase copper production from the current 850,000 to over a million tonnes of copper in the next few years.

The company, EMR Capital, in December last year took over Lubambe Copper Mine (LCM) in the mining border town.

Source: Zambia Daily Mail

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