IRH Invests Over $800 Million in Mopani Copper Mines to Drive Growth and Sustainability
International Resources Holdings (IRH) has committed over $800 million towards revitalizing Mopani Copper Mines on Zambia’s Copperbelt, marking a significant milestone in the country’s mining sector.
This investment is part of a broader $1 billion initiative aimed at enhancing production capacity and promoting long-term sustainability at the mine.
Mopani Copper Mines’ CEO, Charles Sakanya, confirmed the financial injection, emphasizing its role in modernizing operations and fostering future growth.
The funds will be used to improve infrastructure, boost operational efficiencies, and create opportunities for local suppliers and contractors.
During a recent site visit, Mines Minister Paul Kabuswe reaffirmed the government’s dedication to ensuring that local businesses benefit from the mining sector’s expansion.
“We want our people to be happy,” he said, stressing the importance of supporting Zambian suppliers and contractors through strategic partnerships.
Jito Kuyomba, the Presidential Adviser for Economic Affairs, also lauded the sector’s leadership, highlighting the substantial investments being made.
“Because of phenomenal, methodical leadership, you are seeing an immense amount of investment in this industry,” he noted, pointing to investments in Mopani, Konkola Copper Mines (KCM), the upcoming Mingomba project, and Kansanshi, as evidence of the sector’s growth.
This infusion of capital positions Mopani Copper Mines to play a pivotal role in Zambia’s broader economic development, further cementing the country’s status as a global copper market leader.
193 total views , 6 views today
