Bwana Mkubwa Mining Expansion

Promoteur – Intermédiaire Financier

First Quantum Minerals Ltd

Lieu

• Zambie

Description

Expansion of the Bwana Mkubwa hydrometallurgical copper production facility in Ndola (Zambian Copperbelt) from 10 000 t/a to 30 000 t/a of copper.

Objectifs

The project extends the useful life of the copper processing plant in Zambia by at least 6 years, thus adding value to Zambian's copper industry (at a time where it is facing a difficult transition period). It also allows valorising so far un-tapped high-grade copper resources located in an – economic – enclave in the DRC, just 40km across the border from Ndola.

Commentaires

Mining

Secteur(s)

• Industrie

Montant BEI envisagé (montant approximatif)

Up to EUR 14 million

Coût total (montant approximatif)

Approximately EUR 35 million

Aspects environnementaux

The promoter has identified all relevant issues and is taking mitigating measures where appropriate. Hence, the project complies with the Bank's environmental principle of minimisation of negative environmental impacts, and is deemed environmentally acceptable.

Passation des marchés

Following EIB's procurement rules in force for Risk Capital financing.

Statut

Signé - 9/08/2002