President Hichilema Commits to Strengthening Zambia’s Mining Sector for Economic Stability
President Hakainde Hichilema has expressed his commitment to growing Zambia’s mining sector to a level where minor shocks will not disrupt the stability of the economy. He emphasized that fluctuations within the mining industry have far-reaching effects on the entire economy.
To achieve this goal, the government has set an ambitious target of producing three million tonnes of copper by 2031. During the official opening of the Mining Insaka in Lusaka, President Hichilema highlighted that reaching this target will help the mining sector become more resilient against minor disturbances.
The President also noted that a robust mining sector would have positive ripple effects, supporting critical areas such as energy and agriculture.
In a bid to enhance transparency and accountability, President Hichilema announced plans for the government to collaborate with mining companies to develop a detailed chart outlining the expected copper production from each entity.
This initiative aims to track progress towards the three-million-tonne copper production goal effectively.
Finally, President Hichilema reiterated that the nation’s rich natural resources should be leveraged to improve the livelihoods of all Zambians.
