China Eximbank loans $76 million USD for Phase 1 of Ichimpe Copper and Cobalt Mine Project (Linked to #30154)
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Industry, mining, construction (Code: 320)
In May 2011, privately-held Zhonghui Mining Group invested $690 million USD in the Ichimpe Copper and Cobalt Mine Project (see project #30154). In the same year, China Eximbank reportedly loaned $76 million USD for Phase 1 of the same project. Zambian President Rupiah Banda attended a groundbreaking ceremony for the project on May 18, 2011. Upon completion, the mine was expected to produce 35,000 tons of copper and 2,000 tons of cobalt per annum. However, the project was plagued by accusations of corruption and it appears to have been cancelled.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Zhonghui Mining Group [Private Sector]
Implementing agencies [Type]
Government of Zambia [Government Agency]