RE: News: New Mineral Refineries in Zambia14 Aug 2023 12:29
This is great news for Zambia and also us as an owner of a few nearly operational assets. Zambia owe the chinese a lot of money and their national debt and inflation was escalating out of control mid covid. the IMF threatened to stop funding them due to corruption, hence the big clean up in the mining sector.
the UK is injecting £3.5billion, the Americans are also injection $Billions iaw the article. as long as internal corruption is kept away, Zambia could really climb out of the financial issues its having as the world needs its supplies.
closer to home, those billions spent on upgrading refinery's for more output, and building altogether new refinery's are going to need a hell of a lot of ore. we have that. the fact we are cashed up means we can outlast our own plans and into the era of where all this investment is landing......we will be wanting a piece of the pie also