British Mining Giant Re-opens Zambian Nickel Mine
June 17, 2014 Editor Business, Mining & Construction
VENTURES AFRICA – British mining giant, Consolidated Mining Investments (CMI) has taken over struggling Zambian nickel mine, previously ran by Chinese company, JinchuanGroup of China.
Zambian Mines Minister Christopher Yaluma said that operations at Munali Nickel Mine in southern part of the country which shutdown three years ago has been taken over by CMI and will start operating end of June.
“I can confirm that the nickel mine is set for revival and the new investor is expected on site before the end of the month,” said Yaluma.
Zambia, according to Yaluma, is confident that the new investor will bring the desired benefits for the people of Zambia. Munali Nickel Mine operations collapsed in 2011 owing to plummeting base-metal prices on the global market.
Mining is a crucial part of the Zambian economy, with the direct contribution to GDP reaching about 11 percent in 2010 ($590 million) and expected to grow to $1.35 billion in 2015. The indirect contribution might be as much as half the economy.
- Forums
- ASX - By Stock
- ALB
- Zambian Nickel Mine Re-opens
Zambian Nickel Mine Re-opens
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALB (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.2¢ |
Change
-0.003(4.62%) |
Mkt cap ! $4.047M |
Open | High | Low | Value | Volume |
6.3¢ | 6.3¢ | 6.2¢ | $10.97K | 175.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.060 |
1 | 232581 | 0.043 |
1 | 27805 | 0.036 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 50000 | 1 |
0.068 | 15620 | 1 |
0.071 | 7098 | 1 |
0.073 | 35489 | 1 |
0.077 | 24875 | 1 |
Last trade - 15.57pm 29/03/2024 (20 minute delay) ? |
|
|||||
Last
6.3¢ |
  |
Change
-0.003 ( 1.56 %) |
|||
Open | High | Low | Volume | ||
6.3¢ | 6.3¢ | 6.3¢ | 1097 | ||
Last updated 15.22pm 29/03/2024 ? |
Featured News
ALB (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online