EMR Agreement to Acquire 80% of Lubambe Copper Mine Limited

EMR Capital (“EMR”), a specialist mining private equity manager, has announced it has entered into a binding agreement to acquire an 80% controlling interest in the Lubambe copper mine located in Zambia, the second largest copper producing nation in Africa. The transaction will be completed upon satisfaction of certain conditions precedent.
The agreement to acquire the Lubambe mine follows the closing of EMR’s second private equity fund, EMR
Capital Resources Fund II (“EMR II”), at US$860,000,000 (AU$1.12 Billion) and the purchase of Golden
Grove, a copper zinc mine in Western Australia. EMR will continue to focus on copper, gold, potash and
coking coal acquisition opportunities globally.
Jason Chang, Chief Executive Officer of EMR, said the Lubambe acquisition reflected EMR’s confidence in
the quality of the project as a long life copper producer located in Zambia’s most prolific mining region, the
Copperbelt, with more than 100 years operating history.
“We are pleased to enter into an agreement to acquire Lubambe which offers exceptional quality and
growth potential and which will substantially enhance the value and depth of our copper portfolio,” he said.