Mining firm launches greenfield project in Zambia

CHAMBISHI, Zambia - Chinese mining firm Nonferrous China Africa on Wednesday launched production work for its greenfield project in Chambishi town in Zambia's Copperbelt Province, with Zambian President Edgar Lungu hailing it as an example of serious investment.

The South East Ore Body is the Chinese firm's latest project since its acquisition of Chambishi Mine 20 years ago. About $870 million has been invested in the new project.

"This project is an affirmation of the seriousness that Nonferrous China Africa attaches to investing in our country. It is also a signal that Zambia's investment climate is conducive for the mining industry," Lungu said at the commissioning of the project.