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Browsing: Chinese Investor
Copper production is set to resume at Alaska Mine in Chinhoyi after a US$6 million capital injection by Chinese investors in partnership with the Zimbabwe Mining Development Corporation (ZMDC). The total capital injection required is US$12 million and so far, a Chinese investor, Grand Sanyuan Copper Resources has poured in half the amount.
As far as June 10, 2021, ZBC News said the majority of the funds will be channelled towards the construction and refurbishment of a flotation plant, a smelter, and an electrolysis refinery, with an environmental impact assessment completed.
The Alaska Copper smelting plant has been closed since 2000, but has now been resuscitated and is expected to be fully operational by July this year with a target to produce 300 tonnes of copper per day.…