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HomeMining$2bn valued Kabwe zinc mine acquired for $4.5m by UK firm

$2bn valued Kabwe zinc mine acquired for $4.5m by UK firm

By Tyndale Muchiya

Shuka Minerals Plc, a London-headquartered mining firm, has confirmed the completion of its acquisition of 100% of Leopard Exploration and Mining Limited (“LEM”), securing full ownership and operational control of the renowned $2 billion Kabwe Zinc Mine in central Zambia at only US$4.5 million.

Kabwe is believed to be one of the world’s richest and most notable zinc mines, with grades of up to 43% zinc and historical production averaging around 25%.…Read the details in this week’s zbt edition. Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/ to read these and many more insightful stories