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    Signature(s)

    Amount
    € 48,000,000
    Countries
    Sector(s)
    Zambia : € 48,000,000
    Industry : € 48,000,000
    Signature date(s)
    25/02/2005 : € 48,000,000

    Summary sheet

    Release date
    16 September 2004
    Status
    Reference
    Signed | 25/02/2005
    20040101
    Project name
    Promoter - financial intermediary
    Mopani Copper Project

    Mopani Copper Mines Plc (MCM)
    Central Street
    Nkana West
    P.O. Box 22000
    Kitwe
    Zambia.

    Proposed EIB finance (Approximate amount)
    Up to EUR 50m.
    Location
    Sector(s)
    Description
    Objectives

    Rebuild and modernization of the Mufulira Copper smelter.

    First phase of the rebuild and modernization of the Mufulira Copper smelter comprising a new primary smelting furnace, a matte settling furnace, a sulphuric acid plant, an oxygen plant and an update of the associated infrastructure. It will contribute to maintain and to increase the added value of part of the Zambian copper production.

    Environmental aspects
    Procurement

    The project is located within the existing industrial area of Mufulira. The project will contribute to substantially reduce air emissions (SO2 and dust). The site and the project have been subject to environmental assessments and scrutiny as required by Zambian law. The following Environmental Project Brief (EPB) has been established and approved by the Environmental Council of Zambia:

    This EPB needs to be read in conjunction with the underlying EIS, Vol. 1: Assessment of Impacts for Mufulira Mine and EIS, Vol.2: Environmental Management Plan for Mufulira Mine, both available for reading at the offices of MCM in Kitwe, Zambia. Contact: Mr. E.Mutati

    The project is a private sector type operation. The procurement procedures applied are in the best interest of the project and in accordance with EIB’s rules for funding from the Investment Facility.

    Comments

    Copper metallurgy.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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    Alternatively, the EIB can be contacted through its external offices.
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