Min’gomba Copper Project Set to Become One of the World’s Richest Underground Copper Deposits
Min’gomba Copper Mining Project in Zambia Poised to Become World’s Richest Underground Copper Deposit
Chililabombwe, Zambia – The Min’gomba Copper Mining Project is emerging as a potential game-changer for Zambia and the global copper industry, with estimates suggesting it could become one of the richest underground copper deposits in the world.
President Hakainde Hichilema shared his optimism about the project, following updates from mining partners KoBold Metals and ZCCM Investments Holdings (ZCCM-IH).
The President underscored that Min’gomba is far more than a mining initiative—it is a transformative development that promises to deliver economic growth, local empowerment, and sustainable industry practices.
Cutting-Edge Mining and Economic Impact
KoBold Metals, renowned for its advanced mining technology, is partnering with ZCCM-IH, Zambia’s state mining company, to develop the Min’gomba deposit in Chililabombwe.
This collaboration leverages innovative approaches to mineral exploration and extraction, enhancing efficiency, safety, and sustainability.
President Hichilema stated:
“With KoBold’s cutting-edge technology and Zambia’s stake through ZCCM-IH, Min’gomba has the potential to become a globally competitive, world-class mine.”
The project is expected to deliver substantial benefits to the Zambian economy, including job creation, skills development, and increased opportunities for local businesses. It will also foster value addition, ensuring that Zambia maximizes the benefits of its mineral resources beyond raw extraction.
Strategic National Goals
Min’gomba is aligned with Zambia’s vision to produce 3 million tonnes of copper annually by 2030, a target that would strengthen the country’s position as a leading global copper producer. President Hichilema emphasized that the project would ensure Zambians remain central to the process:
“This project is not only about extracting copper; it is about transforming lives through value addition, empowering local participation in trade and economic development, and creating jobs, skills, and opportunities for our communities.”
Commitment to Sustainable Mining
The Zambian government remains committed to ensuring that mining operations are legal, safe, formal, and security-oriented, with a strong focus on sustainable growth. President Hichilema concluded:
“As Government, our commitment to legal, safe, formal, and security-oriented mining remains paramount as we pursue sustainable growth for our people and our nation.”
The Min’gomba Copper Mining Project stands as a symbol of Zambia’s ambition to harness its mineral wealth responsibly, ensuring economic transformation while safeguarding the interests of its citizens and future generations.
