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MEI Online: Plant Operation News: Africa: March 13th 2003


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:: Swiss Firm Wins Bid to Buy Zambian Copper Mines

Swiss-based J&W Investment Group has secured the winning bid to buy the Baluba and Luanshya copper mines in Zambia. The two operations have a combined capacity of 50 kt/y copper and 900 t/y cobalt. The other bidders were Anglovaal Mining (Avmin) and Maluti Resources Property of South Africa, Namibia's Ongopolo, and a unit of Australia's Wesfarmers. Avmin, whose Chambishi cobalt-copper plant is now running at planned capacity following the commissioning of a redesigned furnace, said that it may consider a partnership with J&W. A further source of concentrate would boost Chambishi's profitability.




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