This article focuses on the distinctive nature of Chinese FDI in Africa, specifically copper mining value chains in Zambia and local sourcing linkages. In order to secure supply, China has become a substantial foreign investor in the Zambian copper extractive sector acquiring control over copper mines, smelters and processing …
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LUSAKA, Sept. 26 (Xinhua) -- China-Zambia joint venture, Non-Ferrous Corporation Africa Mining PLC (NFCA), marked its 25 years of operation in Zambia's Chambishi district in the Copperbelt ...
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Central to Zambia's economic stability is its mining sector, which accounted for 17.5% of the country's GDP and over 70% of foreign exchange earnings in 2021. Copper, the country's main export ...
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China's massive metals industry can only maintain its size using imported minerals, frequently from limited suppliers. As part of its Belt and Road Initiative, the country has actively invested in mining assets in Africa and Latin America, and is beginning to engage in overseas refining and downstream facilities.. Many countries have welcomed …
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The Chinese mining firm and its directors are facing the threat of 900,000 yuan in fines from the Shanghai securities watchdog over the failure to properly disclose …
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The displacement of local small business by Chinese companies and traders in these areas has been a source of political contention in Zambia, but new large …
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Chinese-run copper mines in Zambia are routinely mistreating workers and breaking the law by imposing up to 18-hour shifts and flouting international health and safety standards, according to a ...
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Chinese-owned NFC Africa Mining is to invest $1.3 billion in Zambia's mining industry over the next 3 years according to Zambia's President Hakainde Hichilema. Xi Zhengping, chairman of China Non-ferrous Metal Mining Group, the parent company of NFCA said
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However, international mining companies tend to internalise this induced linkage too, introducing tokens for employees to redeem at local shops or other amenities. ... Amongst our sample, all the Chinese companies operating in Zambia imported most of their inputs (see Chapter 8 for details). Similarly, the non-indigenous Zambian …
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TORONTO, Jan 4 (Reuters) - Canadian miner First Quantum Minerals, opens new tab is in talks to sell a stake in its Zambian copper mines to Chinese state-owned Jiangxi Copper Corp, opens new tab ...
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NFC Africa, majority owned by China Non-ferrous Metals Company Limited launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.
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The Chinese mining giant China Non-Ferrous Metals Mining Company (CNMC) announced a plan to invest $1.3 billion in Zambia across a range of sectors. …
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The accidental breakage of a rope in the main shaft hoisting system of the Chambishi South East copper mine in Zambia's Copperbelt province at the end of September will force the mine's operator, NFC Africa Mining, to undertake 40 days of repair work.It is also expected to reduce copper production at the mine by around 5,000 tonnes …
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For some, the Chambishi zone is a "pseudo" economic zone designed merely to give tax breaks to the Chinese mining company that operates it, Footnote 46 NFCA. The displacement of local small business by Chinese companies and traders in these areas has been a source of political contention in Zambia, but new large-scale …
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State-owned China Non-Ferrous Metals Mining Corp plans to invest heavily in its Zambian subsidiary, NFC Africa Mining, which operates the Chambishi Mine in …
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Lusaka - Zambia: Huaxin Cement plans to spend USD160 million to purchase cement factories in Zambia and Malawi to expand its presence in Africa, the company
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The Chinese mining giant China Non-Ferrous Metals Mining Company (CNMC) announced a plan to invest $1.3 billion in Zambia across a range of sectors. The agreement, announced by CNMC chairperson Xi Zhengping, includes a $400 million investment in the Chambishi copper mine, run by its subsidiary Non-Ferrous Corporation …
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Chinese public sector company Sinomine, which has until now provided geological, engineering and logistics services to other mining firms, has just begun producing copper in Zambia on its own account for the needs of Chinese industry.
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Officials in Zambia, Africa's largest copper producer, banned a Chinese mining company from running a $832 million project because it allegedly failed to comply with certain environmental and ...
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State-owned China Non-Ferrous Metals Mining Corp plans to invest heavily in its Zambian subsidiary, NFC Africa Mining, which operates the Chambishi Mine in northern Zambia. ... the Zambian copper mining capital. The remaining 15% of the company's capital is held by state-owned Zambia Consolidated Copper ... relations …
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In reaction, Chinese stakeholders in Zambia tighten their relationship with the ruling party. While South Africa is a natural port of call for Chinese mining companies, competition is tough in the local mining environment while the country's draconian black economic empowerment (BEE) criteria has made Chinese investors wary of committing ...
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China has invested more than $400m (£250m) in Zambia's mining industry, and Zambia earned $2.2bn from copper exports to China last year. The total trade between the two countries last year was $2 ...
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The MINGOMBA Mine in Chililabombwe on the Copperbelt has achieved a significant milestone by generating a total of 250 job opportunities. KoBOLD Metals' Chief Executive Officer and Co-founder, KURT HOUSE, has underscored the project's prominence, hailing it as the most progressive endeavor in Zambia's mining sector.
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CNMC Luanshya Copper Mines, or CLM, a joint-venture established in June 2009 by China Nonferrous Metal Mining (Group), or CNMC, and Zambia Consolidated …
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The DRC produces 70% of the world's cobalt, with most of that moving through Chinese companies from mining to refining. Chinese mining operations are focused in five African countries: the DRC, Guinea, South Africa, Zambia and Zimbabwe. In those countries, Chinese mining operations strip away rainforest, pollute water sources …
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the number of Chinese companies in Zambia as being close to 900— aside from Nigeria, this is the largest number on the continent (Sun et al. 2017). 1 . Meanwhile, China's relationship with Angola has shifted from defence ... YS Investment Mining Private China Nonferrous Metal Mining (Group) Mining State-owned Chambishi Copper Smelter ...
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Mining prospects in Zambia : 24; Major mining companies in Zambia : 27; Foreign companies with operations in Zambia : 28; Further insight from KPMG : 29; Mining asset life cycle : 31; KPMG's mining strategy service offerings : 31; KPMG's Global Mining practice : 32; KPMG's footprint in Africa : 33; 2013 KPMG International Cooperative ...
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Past record of Chinese mining companies ... Labor Abuses in Zambia's Chinese State-owned Copper Mines," details the persistent abuses in Chinese-run mines, including, poor health and safety conditions, regular 12-hour and even 18-hour shifts involving arduous labour, and anti-union activities, all in violation of Zambia's national …
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What is more, Zambia's previous mining regulations, such as the Mining and Mineral Development Act of 1996, and the development agreements signed between foreign mining companies and the Zambian government, protected mining and mineral processing companies against financial liabilities that might arise from legal suits by …
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Zambia has arrested 31 Chinese nationals for allegedly conducting illegal mining activities in the country's copper belt region. Zambia Home Affairs Minister Steven Kapyongo said that the Chinese nationals were arrested on this weekend after a probe operation was carried out in the mining area.
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CHINA DAILY. Sino-Metals Leach Zambia, or Sino-Metals, a subsidiary of China Nonferrous Metal Mining (Group), or CNMC, is China's first large-scale copper …
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Four companies have been shortlisted to acquire the Mopani Copper Mines (MCM) in Zambia, reported Reuters, citing two sources. The entities involved comprise China's Zijin Mining, South Africa's Sibanye Stillwater, China-based Norinco Group and an investment vehicle owned by ex-Glencore officials.
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