Saudi Arabia Targeting Billions In Zambian Assets, Despite Persistent Infrastructure Troubles
Manara Minerals, a joint venture of PIF and Ma'aden, is set to acquire 15-20% of First Quantum's Zambian mines, worth $1.5-2B. It aligns with Manara's $1B investment in Barrick Gold's project and $2.5B in Vale. Zambia faces infrastructure and power supply challenges in boosting its copper output.