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The largest copper mine in Africa has been won by Chinese companies at a cost of 8 billion
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Jiangxi Copper Industry (Hong Kong) Investment Co., Ltd. (hereinafter referred to as JCCI), a wholly-owned subsidiary of the company, intends to acquire a 100% stake in PIM Crupo Holdings Limited (hereinafter referred to as the PCH). After the completion of the deal, the pch will become an indirect wholly-owned holding company of the copper industry in jiangxi.
PCH is a company established by PIM of Jiangxi Copper Co., Ltd., and is dedicated to the acquisition of FQM shares and rights and interests. At present, the PCH holds about 18.01% of the equity in FQM through a number of transactions in October and November this year. The remaining shares of FQM are held by shareholders with less than 10% of the shares held.
That is to say, through the above transactions, Jiangxi Copper will become the single largest shareholder of FQM investors in the same industry.
It is worth mentioning that FQM is the owner of the Kansanshi copper mine, the largest copper mine in Africa, and has nine copper mine development projects in countries such as Zambia, Panama and Peru. Among them, FQM has three world-class mines in Zambia and Panama, with two mines to be developed in Argentina and Peru.
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