ZCCM-IH Invests $50 Million in Landmark Phosphate Project to Boost Zambia’s Self-Sufficiency
Zambia Consolidated Copper Mines – Industrial Holdings (ZCCM-IH) has committed $50 million to a pioneering phosphate production project aimed at reducing Zambia’s reliance on imports and diversifying the nation’s mineral portfolio beyond copper. The initiative will see the development of a mono ammonium phosphate (MAP) plant with an annual production capacity of 300,000 metric tons, alongside 750,000 metric tons of gypsum produced as a byproduct. The plant will be the first of its kind in Southern Africa. ZCCM-IH Corporate Affairs Manager, Loisa Mbatha, described the project as a game-changer during…
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