Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



Zambia plans to build $548 million cement plant

Zambia plans to build $548 million cement plant

Image from

LUSAKA, July 7 (Reuters) - Zambia will build a $548 million cement plant in a joint venture between the nation's mining investment arm and China's Sinoconst, President Edgar Lungu said on Friday, as it aims to diversify the economy to reduce reliance on copper mining.
Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) <ZCCM.LZ> and Sinoconst will raise financing for the project from local and international financial institutions,
Lungu said.
Zambia's is Africa's No.2 copper producer and the industrial metal is the main foreign exchange earner and a key employer.But the southern African nation has been trying to diversify away from mining to insulate itself from commodity price shocks by investing in other areas including agriculture.
Lungu said the plant - to be built in Ndola in Zambia's copperbelt, about 400 km north of Lusaka - would be completed in three years and create roughly 1,000 jobs at construction stage.
"The copperbelt being a largely mining province and with the cyclical nature of this industry that has affected job security,I believe this project could not have come at a better time," he said.
The plant will have a daily output of 5,000 tonnes of cement and will also have two 20 megawatt (MW) coal fired power plants to provide electricity to the facility, Lungu said.

As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search