Chipunastone Investments to develop New Copper and Gold projects

SMM6, March 29 / PRNewswire-FirstCall-Asianet / CHIPUNASTONE Investment Co., Ltd. plans to develop a new open-pit copper and gold project in Mwinilunga at an estimated cost of US $5 million. If the mine is put into production, the average annual output of copper will reach 6750 tons / year, and the average annual output of gold mine will reach 29892 ounces / year. According to the environmental impact assessment (EIA) report submitted by Chipunastone Investment Limited to the Zambia Environment Authority (ZEMA), the estimated mining life of the project is approximately 20 years.

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