JCHX Mining Management Co.,Ltd. (SHSE:603979) agreed to acquire 80% stake in Lubambe Copper Mine Ltd. from EMR Capital Pty. Ltd. for $0.000001 million on January 21, 2024. The deal has been approved by JCHX's board, but still requires review.

As of June 19, 2024, the deal has been approved by regulatory board, and shareholders and board of directors of JCHX Mining Management Co.,Ltd. Morgan Stanley (NYSE:MS) is acting as a financial advisor to EMR Capital Pty. Ltd.