A major Chinese mining company, Zhonghui Mining Industry, Zambia Limited is to be established on the Copperbelt province.
This came to light today when a Chinese delegation comprising officials from the Export-import Bank of China (Exim) and Zhonghui mining group, paid a courtesy call on the Vice President, Rupiah Banda at his office.
Mr. Banda said government is happy with the coming of Zhonghui Guohua Industrial Group Company Limited.
He said Zambia and China has for a long time shared warm relations, adding that government would ensure that these relations grew even stronger.
Mr. Banda said the coming of the new mining company emanates from the visit of President Levy Mwanawasa to the China-Africa Summit and the reciprocal visit of Chinese President Hu Jintao last year.
And Exim bank Executive Vice President, Liu Liange said China’s cooperation with Zambia and the African continent was based on mutual friendship.
Mr. Liange, who is the Chinese delegation leader, said Exim bank was interested in advancing China’s economic policy in Africa.
The meeting was attended by Minister of Mines and Mineral Development, Kalombo Mwansa, Minister of Energy and Water Development, Kenneth Konga, Minister for Presidential Affairs, Cecil Holmes and Bank of Zambia Deputy Governor, Denny Kalyalya among others.