By ROGERS KALEROTIAN Jin Mao Lian, a Chinese company which owns the ‘Black Mountain’ through Nkana Alloy has so far invested more than US$230 million in the construction of a Copper and Cobalt processing plant where the material from the ‘Black Mountain’ will be processed.Nkana Mining and Mineral Processing Limited General Manager Jeff Wang said the ‘Black Mountain’ belonged to Nkana Alloy and it will ensure that its material was put to good use to ensure that there was employment creation for the people of Chambishi and surrounding areas.Mr Wang said the material to be processed at the plant , which covers 67 hectares within the Zambia Chinese Economic Corporation (ZCCZ) will come from the famous ‘Black Mountain’ and other mining companies.Mr Wang said the US$230 million investment would go to waste if government decide to grab the ‘Black Mountain’ from the Nkana Mining and Mineral Processing Limited where it was expecting to get the […]
CHINESE FIRM INVESTS US $230 MILLION IN PROCESSING PLANT
