NFCA Africa Mining Plc (“NFCA”) was established in March 1998 as the holding company of Chambishi Copper Mine as part of the privatization of Zambia Consolidated Copper Mines Limited (“ZCCM”). It is majority owned by China Non-ferrous Metals Company Limited (“CNMC”), which holds an 85% shareholding stake, whilst ZCCM Investments Holdings Plc holds a 15% shareholding stake.
Key Company Highlights
NFCA officially commissioned the USD832 million South East Ore Body project mid-2018, extending the life of mine by 20 years. The design and annual capacity at full production is estimated at 3.3 million tonnes of ore containing 60, 000 tonnes of copper;
NFCA currently mines at the Chambishi Main Mine and the Chambishi West Mine, and the Chambishi South-East Mine.