|.||Product/Service||Copper concentrates and mining consultancy services.|
|.||Shareholding||ZCCM-IH: 15%, Jinchuan Group: 85%|
|.||Location||Kalulushi, Copperbelt Province|
Chibuluma Mine began production in 1955 as a self-contained unit producing copper concentrates, which were treated at the mine concentrator. However, the concentrator was closed in 1991. Chibuluma Coppers Mines Plc is currently owned 85% by Jinchuan Group Company Limited and 15% by ZCCM-Investments Holdings. After the privatization of ZCCM limited, Meterox Limited was the first foreign company to enter Zambia by acquiring Chibuluma South mine in October 1997. The Majority stake in Chibuluma passed to Jinchuan in 2011 after Jinchuan successfully acquired Meterox Limited.
Key Company Highlights
One of Zambia’s most successful mines in safety, productivity and profitability;
Continues to identify and progress viable initiatives, including exploration, which will assist in extending the footprint of the shareholders beyond the current Chibuluma Life of Mine which is coming to an end in a few years time;
In addition, in 2017 Chibuluma formed a subsidiary – Lufwanyama Mining, Manufacturing & Trading Services Limited – with a focus on the provision of contract mining services and provision of a small number of goods and services to the mining industry. Currently the company is providing mining services to Chibuluma at the Chifupu project to build up its capacity before targeting and acquiring new business.