Zhonghui International Mining Industry of China has plans to invest US$200 billion in Zambia to open up copper mines in Kitwe, Solwezi and Luapula province.
The company has already spent US$500 Million on copper mining exploration in Kitwe’s Ichimpe area and Chipupushi in Lufwanyama. Apart from the mine, in North Western province, the company hopes to construct a copper smelter which will produce 300 metric tonnes of copper annually.
Speaking in Ndola today when a team from the company paid a courtesy call on Copperbelt Minister Mwansa Mbulakulima, company president Charles Shi said the company has decided to invest in Zambia because of the prevailing good investment environment and the availability of abundant natural resources.
Mr. Shi said the company will also building a hotel and a shopping mall in Ndola near the Stadium that is to be built with the help of the Chinese government.
He further said the company will also consider diversifying in its investment to include other sectors such as manufacturing and agriculture.
He said it will consider investing in gemstone and timber processing as well as well growing of Virginia tobacco among other investments.
He said for sectors that it cannot take, its will look for other Chinese investors who have the expertise in those sectors.
He however appealed to government for more lands for investment and construction of offices and staff houses.
Mr Shi also called on government to continue supporting the Chinese investors as it has been all along.
And Copperbelt minister Mwansa Mbulakulimal implored the Chinese investors to seriously consider investing in other sectors other than the mining sector.
Mr Mbulakulima cited sectors such as tourism, agriculture and manufacturing that has potential to give significant profits.
He commended the Chinese investors for choosing to invest in Zambia and assured them that government will continue supporting them in their investments.
He said Zambia will continue trading with China not because it government is biased towards Chinese investors but because China has showed willingness to partner with African countries in development.
The minister added that the Zambian government has opened its investment opportunities to all countries in the world but China is the one that has responded most favourably.
He further observed that the Chinese aids and investment projects are not attached with complicated and unfair conditions.
And Copperbelt permanent secretary Jennifer Musonda also urged the Chinese company to invest in manufacturing and addition of value to Zambian products that are currently exported in the raw form to enable the country realise significant forex from exports.
Ms Musonda cited products such as timber, gemstones and coffee among others.
Zhonghui International Mining Industry which has been operating in Zambia for about a year now is situated on a stretch of land covering Chingola, Kitwe and Luanshya and has employed 120 Zambians and about a hundred Chinese expatriates.
Anyway the Chinese are enjoying our minerals!!!!..Good for them seeing as our Governments are too thick to do it for our people!!!
Posterity will judge us harshly. Zambia very soon will be a country full of craters and we’ll have nothing to show for it. I sometimes feel that we should stop mining and leave the copper to the future generation. Maybe they’ll have proper use for the cash coming from the copper. We don’t know what we’re doing in Zambia – we’re a lost nation.
I wonder how long these minerals are going to last us.
I would advise govt to invest in agriculture and hydro electricity and also bio-fuels because those are renewable.
At this rate, once the minerals finish, they’ll take the country with them.
Too many Chinese in the Country. I shudder to think of the children that would come from them and Zambian women.
@ #4 Pumpy
Too many Africans in America, I shudder to think of the children that would come from them and American women.
STOP BEING A RACIST PRICK YOU RACIST. IF YOU DONT WANT THE CHINESE IN ZAMBIA, MAKE THE FIRST MOVE AND RELOCATE TO ZAMBIA OTHERWISE CUT IT WITH THE RACISM……
5 i wont reply to you!
#5 are you retarded??? america is already messed up, do u want the same confusion pa zed?? who in their right mind would relocate to zed, thats the stupidest thing anybody can do. and these endless stories of chinese investment are getting alarming, dang forget the kids, but what are the chinese getting in return???
Sata’s enemies have invested on the Copperbelt
Has he changed his China hatred personal policy?
Vote HH
Oh yes these minerals are diminishing by the day, hence we need a qualified country manager to really prepare for the future just like Joseph of the Bible managed to keep enough food for the future. Not kudya nikusheta chabe iyayi. Let the chinese get the copper and leave us the dollar for tomorrow.
Its $2Bn and not $200Bn! It was reported in the international business press mid last month. They say they will build a new power station.
@ #7 Chengelo Alumni
If you dont want to relocate to Zambia then why must the Chinese not be allowed in Zambia. You guys are worst racists than the KKK. I thought you living in the states would feel the pressure and xenophobia that Americans have against immigrants.
I am surprised you guys don’t see the double standard.
I am also surprised you support the comment made by #4. You guys need help.
Let the Chinese start making shoes, nice furniture and clothes in Zambia. We need these sectors to develope. We have abundant leather from cattle skin and rubber to make shoes. We also have enough forests to be making our own furniture. These are industries that can last. I support their investment, but they have just concentrated on copper.
#11 its no wonder u are in canada and chose the name free market capitalist. with this economy there is no more free market. theer is no pressure or xenophobia in the USA, they love africans, cos we are educated and are not like the illegal immigrants that come and commit crimes and live in the shadows. No one said the chinese not be allowed in zed, we are just worried about all the fatherless children
@ #13 Chengelo Alumni
Go back and read #4’s contribution. Read exactly what he said. he said “too many Chinese in the country”. Now after you have read that statement again, I want you to tell me why that statement is not racist.
The chinese bring jobs in the country. Maybe the wages and conditions of work need to be worked on but otherwise they bring jobs. You are living a comfortable life in the USA, Why don’t you want the poor of Zambia to have jobs. You are busy eating macaroni and cheese in the USA while the average Zambian who has no JOB is wondering where the next meal will come from. Some economies develop through foreign investment. [tbc]
[cont] You living in the states should know the effects of foreign investment. The Americans are complaining because all the jobs are being shipped to China and India, why?? because the Chinese and Indians offer incentives that favour foreign investment. Today, China and India are the fastest growing economies and this stemmed from foreign investment and adapting to CAPITALISM.
I thought some of these issues would be known to you since you live in the states. Now I want to ask you this, why must you be allowed to live in the states and Chinese should not be allowed to live in Zambia???
can you read.. here is what # 4 said – Too many Chinese in the Country. I shudder to think of the children that would come from them and Zambian women… That is not racist, and he didnt say stop chinese from coming to this country. I work hard, harder than the average zambian, hard enough to know that ur rhetoric means nothing. Macaroni and cheese is not a luxury food, its the chepest you can get. The point being made is about the negative impacts to zambian society when all those girls get preganant
#4 Relax man. Chinese men are not so hot on foreign women,they like their own ladies. And they would rather work hard all day and forget about women.
@ #16
What makes you think the men wont take care of the women they impregnate. What is it with you guys. Stereotypes are a prequisite to racism/tribalism.
I suggest you seek spiritual healing because your negativity towards the Chinese community is not healthy. If America and Canada can embrace multi-culturalism, why should Zambia be exempt???
So many chinese girls and too many african men, I just wonder what will happen to the chinese clan?
Oh, Chinese girls are hot! Ask the Americans who hate too much flesh on the bone. heh..heh..heh. heh
Seriously, this is good for Zambia. We are the envey of the Region. I support the idea of diversification into timber processing (we can have good furniture for a change and papers), cotton, tobacco, rice..and housing infrastructure.
The guys from UK and USA are brain washed with the white thang. Just look at who’s against the Chinese. It is this guys on donor-funded scholarships. Brainwashed, I used to be like that. They will grow up and learn to love ALL men.
Okay, correct typos: envy not envey. these guys not this guys. brain-washed not brainwashed.
Now go ye into the world and LOVE all men including Chinese. Here is the chance you born agains to convert CHINA. You used to pray..og God open up Communisst China…brabrabra..now God has given you the Chinese on your doorsteps…come on!! Go ye into the world and make for God Chinese disciples…hehehehehehe
For God so loved the 1.4 billion Chinese that…..John 3:16
$200 billion dollars? These Zambian journalists are drunks!! Where did they go to school? Zimbabwe? No wonder! They count in trillions!
Free-Market-Captlst is appears to be protesting too much. What do you think people? This individual is obviously an ex-patriot from China or of chinese descent. And there is where his allegiances lie- not in his nation of residence. All commentary that is in the least bit critical of the new chinese colonialism of Africa will be met with a venomous protest and the top-shelf pejorative of racism. Don’t fall for it.
Please, HH and the UPND, what is the amount of Foreign Direct Investment (FDI) percentage must we expect from foreign investors under the UPND-GRZ to-be that is coming soon, by God’s grace? We need to know how much percentage of human resource will be foreign and local in any foreign owned campany. This is cardinal in empowering local investment and workforce for ourselves, Zambians.
Pabwato for now direction, but trial-and-error in doing economy issues for Zambia.
How much FDI does China allow to be invested in China? 10% only – by what I heard. Now, why must Chinese people get 90% FDI or whatever large value in Zambia?
Please, HH and UPND tell us – Zambians.
Why do Zedians think they can be independent and manage by them selves i think we have seen this issue can not be addressed since 1964 how about we humble our selves and accept other people with finances help us develop the only way we can win this situation is by letting these people help us and then all we have to do is monitor where the profits/investments are goin..other option is to chase these investors and we can see our selves hustling in the same old katondo/cairo rd and shoppin at ARCADES/MANDA HILL..LOL..with all the minerals still sitting in the ground..future is in our hands
WAKE UP AND GROW UP..!! and we will all be admiring the likes of Namibia/Botswana/ wandering what happend
The Chinese are going to suck us to death. Please be careful of their movements.
Yangu tata! elolwanya.
@21
God them Chairman Mao, haha. And not to forget CCP.
I cant believe guys are using ‘women with chinese husbands’ and vice-versa as a reason to deny foreign investment. You guys need help. You twats are so xenophobic you’ll dig your own graves. You have biased stereotypes and you think you’ll drag everyone else down with you? NONSENSE. Let there be proper regulations, but dont deny genuine investment. WE ARE IN DIRE NEED OF IT. You live luxurious, but you forget about the average Zambian. It doesnt matter if people are from bloody Pluto, if we benefit and regulate them, we stand to benefit. #16 Mr. Chengelo, Naivety is very very very dangerous. Heed my words.
# 30, sense, some comments really make you wonder at peoples intellect. But then again I have come to conclude that there are alot of jokers on here, pay them no mind.
I don’t mind chinese people, just worried at the diminishing minerals. Can’t GRZ atleast build a smelter. They must $2Billion. For year they can hold off the porshy car buying. The results will be tremendous. Comment
#14 sounds a little like inferiority complex. We don’t need those guys for jobs. That’s not they come here to do. Maximum profit minimum wadges to the “local poor”. Minimum respect to the local rich and poor.
Ladies and Gents let’s not demean this topic. Zambia is in dire need of FDI. Ask yourselves how did the Tiger economies of south east develop when we were at par with them in the 60s? China is envy of the world today coz of FDI. Can an intelligent person start worrying about the Chinese pregnanting Zed girls instead of looking at the jobs their investments are creating? . We know that their COS are but this can be regulated and monitored. How Zambians can afford to open and run mines without foreign partnership? # Chengelo be serous. Let’s not trivialise important issues of bread and butter and not forgetting akabwali please!!!!!!!!!!
There is nothing wrong with Chineese investment and to have millions of Chineese in the country and atleast they will work as a catalyst to develop our country at a faster rate. We need people with a different culture to come into the country and also to teach and mix with those that are there for us to attain the best of development.
There is nothing wrong with having coloured children from Chineese they will still be Zambian after all. Lets accept them to come in large numbers, especially the women there HOT for sure.Zambia is under populated, you must know that.
This will bring about competetion among chineese and Zambians alike which inturn will bring about development as the goal.
Guys, there has to be a limit to the number of Chinese characters coming into the country. Their investment is welcome but GRZ must ensure that workers in properly paid,good safety practices are enforced and workers are not treated as slaves. The Chinese as we all well know, have a very bad human rights record. Wasn’t it just weeks ago when some chinese characters beat a Zedian, leaving him for dead in Kabwe or somehere there?
chines investment is welcome,but the number coming in should be regulated….mukaisanga mulimwamoneni…..for instance, theres no point in them bringing their fellow chines to work on the mines when theres enough skilled man power in zed….the whole essence of them investing is to creat jobs for zambians not the the way round……..
what about people in Taipei and taiwan where is there share. Why only talk about chinese people
I HAVE A CHINESE BF. HES JUST SHORT,BUT AWE MWANDI ULUPIYA KWENA ALAMPELA.NO MORE BEING BROKE.ITS A THING OF THE PAST.
#38 Uyo mu Chinese alekupela ulupiya is doing it to get into your pants. Once there, u will be useless and he will revert to giving u ama 5pin
Chika, if you have kids, remember NOT to bye chinese milk.
I am yet to see children born from Zambian Ngoni women and Chinese men; never mind a lozi….
@ 37, Im with you.