{{The Non-Ferrous Africa Mining Corporation (NFCA) will invest an additional US$100mn in 2014 towards the development South East Ore Body Mine (SEOB) copper project in Zambia\u2019s Chambishi.}}<\/p>\n
NFCA is jointly owned by Zambia Consolidated Copper Mines-Investment Holding (ZCCM-IH) and China Nonferrous Metals Company Limited with 15 per cent and 85 per cent stake respectively. The project is expected to be completed by 2017.<\/p>\n
NFCA said that the US$832mn copper mine project will increase copper production to 100,000 tonnes per annum on completion in the country.<\/p>\n
Wang Chuilai, CEO of NFCA, said, \u201cThe mining firm was committed to developing the SEOB because the future of company largely depended on the project.\u201d<\/p>\n
He also said that the planned investment in the development of the SEOB was US$832mn and that by 2013, NFCA had injected a total of US$123mn, according to Times of Zambia.<\/p>\n
Chuilai added, \u201cWe are so far on course in the implementation of the project and its completion date is 2017.<\/p>\n
\u201dApart from creating employment, NFCA is contributing to the economy of the country through the various forms of taxes we are paying to the Zambian government.\u201d<\/p>\n
Mwenya Musenge, copperbelt minister of Zambia, said, that he was happy with the Chinese investment in the country.<\/p>\n
He added that NFCA had significantly contributed to the growth of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The Non-Ferrous Africa Mining Corporation (NFCA) will invest an additional US$100mn in 2014 towards the development South East Ore Body Mine (SEOB) copper project in Zambia\u2019s Chambishi.}} NFCA is jointly owned by Zambia Consolidated Copper Mines-Investment Holding (ZCCM-IH) and China Nonferrous Metals Company Limited with 15 per cent and 85 per cent stake respectively. The […]<\/p>\n","protected":false},"author":2,"featured_media":2000050659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[100],"byline":[170],"hashtag":[],"class_list":["post-12856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-africa","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000050659,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12856.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12856.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12856.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12856.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12856.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton12856.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/12856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=12856"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/12856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000050659"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=12856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=12856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=12856"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=12856"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=12856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}