BHP Billiton Minerals Exploration, an Australian firm, has earmarked US$30 million for mineral exploration in Zambia over the next five years.
Company president Ian Maxwell said the company is well positioned to deliver value and make returns in investment portfolio projects in Zambia and Africa as a whole.
“Africa is a key location for us in global search for copper and other major minerals,” he said.
Mr Maxwell said so far the firm has invested US$30 million in green field explorations and will invest the same amount over the next coming years in Zambia.
“We are actually seeking for more investment opportunities in the country,” he said.
Mr Maxwell said this at the first International Mining and Energy Conference and Exhibition in Lusaka yesterday.
He said the firm is attracted to invest further in Zambia because the country is a low risk investment destination, with a stable political arena.
Mr Maxwell said the firm is happy to contribute to the country’s mineral future, adding that there is strong and long-term demand growth anticipated in the sector.
He said the company has invested US$24 billion in major projects around the globe. The firm’s capital plan for the next five years is US$8 billion across the globe.
Mr Maxwell said his firm is interested to invest substantial amounts of money in energy-related projects, copper and manganese projects.
BHP Billiton is the world’s largest diversified natural resources company with 100 operations in 25 countries. The firm occupies significant positions in major commodity businesses, including aluminum, energy coal and metallurgical coal, copper, manganese, iron ore, uranium, nickel, silver and titanium minerals, and has substantial interests in oil, gas, liquefied natural gas and diamonds.
ZANIS
THE BIG AUSTRALIAN….Go you Great Company Go
These are the type of companies that our government must court to conduct meaningful mining operations. This company embraces corporate responsibility among other positive things.
“He said the firm is attracted to invest further in Zambia because the country is a low risk investment destination, with a stable political arena”………………..So whats the point of Dont Kubeba nonsense who think investment is back to colonialisation.
.. i dont follow. What are you trying to say?
I believe you are right completely.