By Jane Chanda
Chairman of Terra Metals, Mumena Mushinge, says the partnership between Terra Metals and Metalex Commodities is a leap forward for Zambia’s mining sector and a cornerstone of United States (US)-Africa industrial alignment.
The United States-based critical minerals developer, Terra Metals, and resource investment firm, Metalex Commodities, reportedly finalised an agreement to establish a new copper and cobalt production venture in Zambia, described as a “new production powerhouse” for the region.
According to the story on mining.com.terra-metals- metalex- seal-100m-deal-to-form-copper- cobalt- partnership-in-zambia report, the formal signing ceremony was expected to take place at the US Embassy in Lusaka, representing a significant diplomatic and commercial milestone, reinforcing US-Africa cooperation in the global clean energy transition and boosting Zambia’s role as a key player in the critical minerals supply chain.
“This partnership is a leap forward for Zambia’s mining sector and a cornerstone of US-Africa industrial alignment,” stated Mushinge. “We’re building the infrastructure, governance, and funding mechanisms to responsibly extract and deliver the minerals that power the global clean energy future.”
Mushinge, who is also the newly appointed chairperson of Lunda Resources, noted that Terra Metals held mining and exploration assets in the Kabompo Dome, located approximately 129 kilometres west of First Quantum Minerals’ Sentinel and Kalumbila Mines, and 177 kilometres west of Barrick Gold’s Lumwana mine.
He stated that the newly formed joint venture, Lunda Resources, planned to commission a 240-tonne-per-hour copper and cobalt concentrator to process high-grade ores, with construction reportedly underway and commissioning expected by September 2025.
He further stated that the processed materials would be destined for strategic end-markets, including the United States, via the Lobito Railway Corridor, further solidifying Zambia’s position in the global clean energy supply chain.
