Zambia will build a $548-million cement plant in a joint venture between the nation’s mining investment arm and China’s Sinoconst, President Edgar Lungu said on Friday, as it aims to diversify the economy to reduce reliance on copper mining. Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and Sinoconst will raise financing for the project from local and international financial institutions, Lungu said.
