China’s JCHX is setting up a new overseas wholly-owned subsidiary to acquire 80% of the equity of Lubambe Copper Mine Ltd (LCML) for US$1. It is also a concrete manifestation of Chinese mining companies’ active participation in the development of the copper mining industry in Zambia and even the world.

Under this purchase, JCHX will use its professional technology and experience in the fields of mining engineering, construction, and operation management to improve the development efficiency and output capacity of the Lubambe copper mine. It can help promote the success of the Lubambe copper mine project and ensure the development of mineral resources. Then, it will bring more opportunities and economic growth to the local community.