China became the world’s leading consumer of
most base metals (aluminium, iron ore, copper, manganese, lead, zinc). This increasing
need for natural resources naturally makes Africa an attractive destination of Chinese
economic interests. The African resource bounty is exemplified by having the 3rd
largest oil reserves (9.5% in 2007). South African is the leading producer of platinum
(80%). The DRC leads in cobalt (36%) and diamonds (1/3 of total). Other significant
producers include Gabon (Manganese), Zambia (copper and iron ore), Zimbabwe
(platinum) and Angola (diamonds, copper and iron ore).
The phenomenal economic expansion and consequent rising China is poised to become a major player in the mining
sector. Chinese investments in Zambia are primarily resource seeking and to this end, they
have been concentrated in the mining sector. There are investments in construction,
trading manufacturing sectors too. The growth of these investments has been steady
over the year and indications are that they are likely to remain that way in the near
future.(01258) (CNMC) leading copper producer, focusing on the mining, ore processing, leaching, smelting and sale of copper in Zambia, a country rich in minerals with abundant high-quality copper and cobalt producing country rich in minerals.

The largest PRC enterprise in terms of total overseas copper production JORC compliant proved and probable ore reserves were 58.3 Mt at an average grade of 1.29% copper and 120.4 Mt at an average grade of 1.35% copper, respectively. Our measured, indicated and inferred mineral resources were 62.2 Mt at an average grade of 1.48% copper, 156.7 Mt at an average grade of 1.69% copper and 210.4 Mt at an average grade of 1.75% copper, respectively. Our total contained metal reserves were approximately 2,379.8 kt of copper and 41.8 kt of cobalt. Our total contained metal resources were approximately 7,244.4 kt of copper and approximately 262.9 kt of cobalt. Located in the south central Africa, Zambia is a landlocked country covering an area of about 750,000 sq. km. It borders on Tanzania Gross profit . $188,258 million ,ten large-scale mining licenses in Zambia covering an aggregate
area of approximately 218 sq km and one prospecting license covering an area of approximately
339 sq km.Mining license No. License type
Current
license holder
Commencement
date Expiration date
Minerals
granted
7068-HQ-LML(1) Large-scale mining
license
NFCA June 29, 1998 June 29, 2023 Copper, cobalt
and other minerals
7069-HQ-LML Large-scale mining
license
NFCA June 29, 1998 June 29, 2023 Copper, cobalt
and other minerals
7070-HQ-LML(1) Large-scale mining
license
NFCA June 29, 1998 June 29, 2023 Copper, cobalt
and other minerals
8097-HQ-LML Large-scale mining
license
Luanshya January 23, 2004 January 23, 2024 Copper, cobalt
and other minerals
8396-HQ-LML Large-scale mining
license
Luanshya October 19, 2006 October 19, 2031 Copper and cobalt
8394-HQ-LML Large-scale mining
license
Luanshya October 19, 2006 October 19, 2031 Copper and cobalt
8393-HQ-LML Large-scale mining
license
Luanshya October 19, 2006 October 19, 2031 Copper and cobalt
8395-HQ-LML Large-scale mining
license
Luanshya October 19, 2006 October 19, 2031 Copper and cobalt
8404-HQ-LML Large-scale mining
license
Luanshya November 9, 2006 November 9, 2031 Copper and cobalt
8392-HQ-LML Large-scale mining
license
Luanshya October 19, 2006 October 19, 2031 Copper and cobalt
15201-HQ-LPL Prospecting license SML December 20, 2011 December 20, 2013 Copper
Note:
(1) Mining licensesMining licenses No. 7068-HQ-LML and 7070-HQ-LML have been merged and form a single license with license
No. 7069-HQ-LML.
Mining licenses in Zambia are usually granted for a period of 25 years and can be renewed for
another 25 years

JIAMA/102 types of mineral deposits in over 3000 mine beds with an estimated value of about 600 billion Yuan  potential to be one of the world’s 50 biggest mines of its kind that could generate an annual product value of USD 712 million!...MAY BE MUCH MUCH BIGGER! Gold veins hit deep at Jiama and CSH!