Lubambe has an established mineral processing plant with a capacity to process up to 2.4 Mtpa of ore. EMR Capital to Buy 80% Stake in Zambia Lubambe Copper MineÂ. The acquired interest was jointly held by Vale International and African Rainbow Minerals (ARM). We use cookies to ensure that we give you the best experience on our website. Australia’s EMR Capital owned Lubambe Copper Mine, has pledged a US$500million construction capital injection next year which will allow the underground operation access 7-million metric tons of red metal. We have a stable and highly motivated investment team with over 300 years of combined mining experience, and the exclusive Senior Advisors comprise a further 250+ years of combined experience. This underground mine commenced operations in 2012 and produces copper concentrate. September 7, 2017 08:51. According to ARM, it has agreed with Brazil’s Vale to sell their combined 80 per cent interest in the mine to Melbourne-based EMR for $US97.1 million ($124.14 million) in cash. Initially designed to produce 45,000t of copper by 2015, the Lubambe mine was owned by Vale, ARM and ZCCM Investment Holdings. The company bought stake in Golden Grove copper-zinc mine from MMG in December 2016. Lubambe is 80% owned by EMR Capital Resources, with 20% held by ZCCM Investments Holdings. Activity The acquired interest was jointly held by Vale International and African Rainbow Minerals (ARM). Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10 million, ARM said on Tuesday. The adjustments are set to be finalised on completion of the sale. It is an underground mining operation located on the Zambian Copperbelt close to the town of Chililabombwe. ROCK DRILL OPERATOR, SHAFT SINKER/STAGE HAND,ASSISTANT AVERN GRENAKER,,LUBAMBE … Core purpose of the position. EMR Capital owns an 80% controlling interest in Lubambe while ZCCM-IH owns 20%. A previously completed pre-feasibility study on the site demonstrated the potential to increase total production output to 100,000t of copper concentrate per annum. He is also Chairman of Tigers Realm Group, non-executive Director of Tigers Realm Coal Ltd and Highfield Resources Ltd. And until end of 2016 he … The Mine is currently in a ramp up stage and will ultimately produce 45, 000 tonnes of contained copper and will employ approximately 1,500 people. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. Mine Geologist Barrick Gold Corporation - Lumwana. Since EMR Capital’s acquisition of the 80% interest in LCM, the mine is progressively being ramped up with a target to maximise utilisation of the processing capacity of the existing plant. EMR is expected to continue its copper, gold, potash and coking coal acquisition programme worldwide. Owen is currently the Executive Chairman of EMR Capital – a Melbourne based specialist mining private equity company. According to ARM, it has agreed with Brazil’s Vale to sell their combined 80% interest in the mine to Melbourne-based EMR … SMM further disclaims any liability for losses in connection with the information contained or quoted in the article. EMR Capital - Lubambe Copper Mines. Copperbelt University . LUSAKA, Oct 2 (Reuters) - Lubambe Copper Mine, majority-owned by Australia's EMR Capital IPO-EMR.AX, is talking to the Zambian government to seek concessions, including a … “We need this royalty payment regime removed for progress to … Jul 2012 – Sep 2017 5 years 3 months. Zambia. The same goes for EMR Capital-backed Lubambe Copper Mine’s project to invest a similar amount in a new mining operation, he said. Lubambe. The Lubambe Copper Mine is 80% owned by EMR Capital Resources, while 20% is held by ZCCM Investments Holdings Plc. He has more than 40 years’ experience in the global mining industry. Great Western pours first gold and silver at Mineral County, Nevada, Asiamet secures key approval for BKM Copper Project in Indonesia, Anglo American and South32 conclude sale of Tasmanian smelter, Dundas: inside the worldâs highest-grade ilmenite deposit. In December 2017, EMR Capital acquired an 80% stake in Lubambe. EMR Capital-backed Lubambe Copper Mine’s project to invest a similar amount in a new mining operation, he said. The company bought stake in Golden Grove copper-zinc mine from MMG in December 2016. Lubambe Copper Mine is an underground mining operation situated on the Zambian Copperbelt close to the town of Chllilabombwe. Lubambe Copper Mine is owned by EMR Capital of Australia (80%) […] The Lubambe Copper Mine is 80% owned by EMR Capital Resources, while 20% is held by ZCCM Investments Holdings Plc. The mine is a modern, world class facility with fully mechanized underground operations. Copper ore. LUSAKA – Australian company EMR Capital plans to double production at Zambia’s Lubambe copper mine, a company official said on Wednesday after completion of EMR’s acquisition of a majority stake for $100-million. The article is edited by SMM and is provided for information purpose only. EMR takes over Lubambe mine. Owen is Board Chairman of Lubambe and Executive Chairman of EMR Capital. Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10 million, ARM said on Tuesday. EMR Capital Group Chief Executive Officer Jason Chang says the mining giant has invested 100 million U.S Dollars in taking over operations at the mine. Lubambe Copper Mine is located within the Greater Konkola Area of the Zambian Copperbelt and consists of a large – scale mining license covering an area of approximately 240 square kilometres. Lubambe Copper Mines is owned by EMR Capital of Australia (80%) and ZCCM – Investments Holdings (20%). EMR Capital owns an 80% controlling interest in Lubambe while ZCCM-IH owns 20%. EMR Capital Advisors Pty Ltd operates as a private equity firm. EMR will focus on copper, gold and coking coal businesses through more global acquisitions. Lubambe Copper Mine is owned by EMR Capital of Australia (80%) and ZCCM – Investments Holdings (20%). SHANGHAI, Aug. 16 (SMM) –EMR Capital announced Tuesday that it will buy an 80% stake in Lubambe copper mine in Zambia from ARM and its partner Vale International. We provide FREE technical support. If you continue to use this site we will assume that you are happy with it. EMR will focus on copper, gold and coking coal businesses through more global acquisitions. Report this profile About Experienced Surveyor with a demonstrated history of working in the Mining sector (underground and open pit), road construction and cadastral surveys. The Mine is currently in a ramp-up stage and will ultimately produce 45, 000 tonnes of contained copper and will employ approximately 1,500 people. December 13, 2019. Lubambe is an underground copper mine in Zambia adjacent to the border with DRC. For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. The final amount receivable is subject to settlement of Lubambe mine’s general banking facility and additional funding provided to the mine by ARM and Vale between 1 May and the completion date. EMR Capital, an Australian mining giant has taken over operations at Lubambe Copper Mine in Chililabombwe. 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