Luanshya New Mine hailed as 'milestone event' for Zambia
By Hao Nan | China Daily | Updated: 2024-09-05 09:42
![](http://img2.chinadaily.com.cn/images/202409/05/66d90c7ba3108f29a8b665e9.jpeg)
Considering the severe drought currently being experienced in Zambia, the water pumped out of the project will be beneficial to agricultural irrigation and electricity generation.
Luanshya New Mine is a "milestone event" in the high-quality development of the company, said Wang Jingjun, chairman of CLM. With a total investment of $500 million, the project is expected to be put into operation by 2028, with a designed annual production of 43,000 tons of copper concentrate and a service life of 20 years.
Upon completion, the project will provide some 3,000 jobs, and greatly promote the socioeconomic prosperity of the local area and the nation, Wang said.