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First Quantum Minerals’ establishment of a multi-facility economic zone in Kalumbila, Zambia to create sustainable jobs is well underway after the company celebrated the official opening of a US$50 million mill ball factory near its Sentinel mine
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The investment by ME Long Teng Grinding Media Zambia is the latest development in First Quantum Minerals’ (FQM’s) six-year bid to establish a multi-facility economic zone (MFEZ), which has yet to receive official government designation
Ding Junhua, Vice President of Long Teng Special Steel, which is a Chilean-Chinese joint venture, said the establishment of ME Long Teng Grinding Media was initiated in response to the “One Belt and One Road policy” of China, in accordance with the friendly relationship between Zambia and China, and to be of service to First Quantum and the local market
He added that the establishment of the mill ball plant could not be possible without the attention and support of council of Kalumbila, government of Zambia, Embassy of Chile, Embassy of China, First Quantum Minerals, the diligence of the management team of ME Long Teng and the construction contractors in the last 18 months to make the factory happen
The factory is expected to play a vital role in bringing in much-needed foreign exchange. Currently, all the mining companies in the region are importing mill balls from China. But once fully operational, the company will supply neighbouring countries such as the Democratic Republic of Congo
Speaking at the opening of the multi-million dollar plant, Zambia’s Minister of Commerce, Trade and Industry Hon. Christopher Yaluma said the project underpinned government’s policy of adding value to Zambia’s natural resources, and that government supported investment that enhance economic growth and business opportunities
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