Chambishi Metals Plc
Sector: Government • Location: Zambia
Source: Multilateral Investment Guarentee Agency (MIGA)
In its agreement with the government, AVMIN committed to spending a minimum of $70 million to rehabilitate the cobalt and acid plants (Chambishi Plant), construct a new smelter and related facilities adjacent to them, and exploit the slag dumps. The project enterprise Chambishi Metals Plc (CM-PLC)is expected to be commissioned in 2001. It is expected to produce 4,000 tons of cobalt and 7,000 tons
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | In its agreement with the government, AVMIN committed to spending a minimum of $70 million to rehabilitate the cobalt and acid plants (Chambishi Plant), construct a new smelter and related facilities adjacent to them, and exploit the slag dumps. The project enterprise Chambishi Metals Plc (CM-PLC)is expected to be commissioned in 2001. It is expected to produce 4,000 tons of cobalt and 7,000 tons of copper a year for at least 20 years. CM-PLC will contribute to the development of the area by procuring 74 percent of the project's inputs locally and paying approximately $62.4 million in taxes in the first five years of operation. In addition, AVMIN will provide extensive training both domestically and in South Africa to improve CM-PLC's information systems, technical capabilities, and financial, administrative, and customer services. CM-PLC also will establish a $100,000 community investment fund to help finance local projects, such as recreational services. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |