Zambia’s Competition and Consumer Protection Commission is to meet on 27 May to discuss whether to approve Barrick Gold Corporation’s takeover of the Lumwana copper mine through its acquisition of Equinox Minerals Limited.
Revealing this in an interview here an official at the commission declined to be identified because the information was yet to be made public.
The transaction is likely to be approved because Barrick holds no other assets in the country and a decision is expected “soon,” even though by law the commission can take 90 days to make a ruling, commission spokesman Brian Lingela said in an interview.
Lumwana accounts for 19% of Zambia’s copper production, the commission said. Equinox has forecast that the mine will produce 145,000t of copper this year. In April Barrick bid US$7.55 billion for Equinox to gain control of Lumwana and Saudi Arabia’s biggest copper deposit.
Barrick is the world’s biggest gold producer, while Zambia is the largest copper producer in Africa. And Zenith is the famous crusher and grinder manufacturer in Shanghai.
Zambia is rich in copper minerals, and the capital Lusaka is the biggest city and biggest copper producer in Zambia. Lusaka is called “Captial of Copper” too. Copper production is the major industry locally. Equinox is a famous minerals mining company in Africa, and it extracted Zambia copper mine for a long time. For many reasons, Zambia copper is welcome all over the world.
Zenith produce crushing plants for kinds of minerals mining. Zambia is the copper crushing plants and cement making plants. Copper crushing plant include jaw crusher and cone crusher etc. Copper are mainly mined from underground and then transported to the ground. There are our crushing plants. Jaw crusher for the first step and crushes them into about 10 cm particle size or thinner. Then it is sent to cone crusher by belt conveyors. The cone crusher is used for deeper crushing and it is fit for crushing hard and medium hard stones, minerals, rocks. The copper minerals are making into thinner materials. Then the vibrating screen sifting the thinner and smaller ones, and the bigger one are sent back for crushing again. After repeat this stage, all the minerals are crushed into right size.
Cement making plant are similar with the copper crushing plants on the begin. But after the cone crusher and hammer crusher, there comes the ball mill or vertical mill, roller mill,raymond mill, etc. The mills are for grinding the materials into powder. Cement is the most important construction aggregate in the industry and ball mill is the most important equipment in cement making. Zambia cement making is mostly used for construction.
Zenith will cooperate with Zambia make the development of industry .
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