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SML provides $22 million shareholder loan for Mabende Copper Leach Plant Construction Project
| Funder | Sino-Metals Leach Zambia Limited |
|---|---|
| Recipient Organization | CNMC-Mabende Metal Leach SPRL |
| Country | Democratic Republic of the Congo |
| Start Date | Mar 20, 2012 |
| End Date | Jan 18, 2028 |
| Duration | 5,782 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105824 |
Grant Description
SML provides $22 million shareholder loan for Mabende Copper Leach Plant Construction Project On March 20, 2012, Sino-Metals Leach Zambia Limited (SML) and Huachin SPRL entered into a agreement to establish a joint venture in the DRC to undertake the Mabende Copper Leach Plant Construction Project.
CNMC-Mabende Metal Leach SPRL [CNMC-Mabende or (中色馬本德礦業有限公司)] — a special purpose vehicle and and joint venture of SML [60% equity stake] and Huachin SPRL (an LLC incorporated in the DRC) [40% equity stake] — subsequently received a $22 million shareholder loan from SML for the Mabende Copper Leach Plant Construction Project.
The purpose of the project was to construct a copper leach plant -- with annual production capacity of 20,000 tons of 99.95% cathode copper — in Lwisha with the ores from the Mabende copper mine in the Democratic Republic of the Congo (DRC). Construction of the leach plant commenced in April 2013.
The project was completed and officially commissioned on February 10, 2014.
Staff Comments
- Sino-Metals Leach Zambia Limited (SML) was legally incorporated in Zambia in December 2004 as a joint venture of CNMC [55% equity stake], NFCA [15% equity stake], and Hainan Sino-Africa Mining [30% equity stake].
- SML operates the Chambishi Leach Plant in Zambia. The construction of the Chambishi Leach Plant started in November 2004 and was completed in June 2006. The plant commenced commercial production of copper cathode in 2006.
Sources & References
- CNMC Commissions a 20,000-tpy Copper Plant in Congo
- Africa
- The Mineral Industry of Congo (Kinshasa)
- VOLUNTARY ANNOUNCEMENT OVERALL COMMISSIONING TEST RUN OF 20,000 TONNES LEACH PLANT OF CNMC-MABENDE LEACH
- CNMC HUACHIN MABENDE MINING SA and CNMC HUACHIN METAL LEACH SA Set a New Record in Output, 2020 年度報告
- Global Offering
- Our History and Reorganization Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
CNMC-Mabende Metal Leach SPRL
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