Category: Copper

The United States government has reaffirmed its commitment to supporting Zambia in its pursuit of expanding copper production to reach an annual target of 3 million tonnes. Helaina Matza, the US Deputy Special Presidential Coordinator for Global Infrastructure and Energy, emphasized the need for intensified exploration efforts to achieve this ambitious goal during her recent visit to the country. Matza expressed the importance of exploring additional power connections and conducting further exploration activities to bolster Zambia’s copper production capacity. She acknowledged the promising signs observed during her visit to the… Read More Here

Zambia, known for its copper reserves, has set an ambitious target to increase copper production from its current level of 830,000 metric tons to 3,000,000 metric tons within the next decade. However, achieving this target remains uncertain due to the lack of stringent measures being taken to reach it. The Association of Zambian Mineral Exploration Companies (AZMEC) acknowledges that the 3 million metric ton production target is achievable by 2031. However, the association is not aware of any exploration projects currently at an advanced stage that could contribute to production… Read More Here

The export earnings from refined copper in Zambia witnessed a significant decline in April 2023, with a 10 percent decrease from K11.0 billion in March 2023 to K9.9 billion. This decline reflects the challenges faced in the mining sector, impacting copper production and subsequent revenue generation. According to official statistics, the volume of copper exports during April 2023 also experienced a decline of 7.6 percent, reaching 57.6 thousand metric tons (MT), down from 62.3 thousand MT recorded in March 2023. Furthermore, when comparing the export volumes of refined copper between… Read More Here

Stakeholders in Zambia’s mining sector have expressed disappointment with President Hakainde Hichilema’s recent press briefing, stating that it lacked substantial updates on Mopani Copper Mines (MCM), Konkola Copper Mines (KCM), and the overall mining sector. A mining expert emphasizes the need for focused attention on Mopani and KCM, highlighting their significance in the country’s economic recovery. During the press briefing at state house, President Hichilema acknowledges that the government has yet to resolve the issues surrounding Mopani and KCM but assures that actions are being taken to address the situation.… Read More Here