High mining production "Mobani" For copper a year after entering "International Resource Holding" Emirati is a major shareholder
Abu Dhabi, July 21 / WAM / Mobani copper mines in Zambia, one of the leading biological origins of copper production in Africa, achieved a qualitative shift in its operational performance, supported by a strategic investment led by the company “International Resource Holding”.
This transformation comes only one year after entering the company as a major shareholder in “Mobani”, to resist the partnership with concrete results that included an increase in production levels, the provision of thousands of job opportunities, and the launch of ambitious expansion plans that support sustainable growth in the long run.
“Mobani” revealed a strong performance that included the increase in crude production by 14% to 2.59 million tons, in addition to a qualitative improvement in copper degrees by 18%, and an increase in the size of the copper extracted by 23% to 47.2 thousand tons.
According to a report issued by the World Bank on July 9, the qualitative transformation of “Mobani” mines constituted one of the pivotal factors in achieving 4% economic growth in Zambia during the year 2024.
This accelerated performance is due to huge strategic investments led by International Resource Holding, worth more than $ 1.1 billion since 2023, including $ 620 million in capital contributions, and $ 400 million as long -term financing.
As part of its ambitious expansion plans, Mobani aims to raise its productive capacity to 300,000 tons of copper annually by 2029, while an advanced atmospheric geophysical survey is being carried out to discover additional reserves that extend the mine’s age for more than 30 years.
Ali Al -Rashdi, CEO of International Resources Holding, said that partnership with Mobani has become a pioneering model in the long -term responsible investment based on the real development partnership, as the company continues to provide job opportunities, support competencies and enhance Zambia’s position in the global transformation towards clean energy.
He pointed out that the global demand for copper is expected to reach 4.5 million tons by 2030, and “International Resources Holding” believes that its investment in Mobani will put it on a pioneering site to enable this transformation and we look forward to achieving this impact within their vision of sustainable global growth.
For his part, Charles Sakania, CEO of Mobani Copper Mines, stressed that the transformation witnessed by the company embodies a joint commitment to promoting performance and effective cooperation, explaining that what was achieved during the past year is a direct result of a clear vision and close cooperation, pointing out that with the support of International Resource Holding, the company succeeded in updating its operations and applying advanced digital solutions At the level of mines, building a strong momentum for the next stage.
Mobani has more than 13,000 employees today, after adding more than 2,300 new jobs since 2024, and the supply strategy focused on the local value, as 90% of the purchasing spending was directed in 2025 so far towards Zambian companies, equivalent to $ 436 million, and the work is currently underway to implement large -scale health and educational programs, including the hospital development project worth $ 14.8 million.
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