Zambia Aims for Copper Production Surge Amid $12 Billion Investment Boom
Zambia’s Minister of Mines and Minerals Development, Hon. Paul Kabuswe, MP, recently announced that the country’s mining sector has successfully attracted US$12 billion in investments.
However, despite this impressive capital influx, the minister raised concerns about stagnant copper production, which has plateaued at 750,000 metric tons.
Minister Kabuswe reaffirmed the government’s commitment to significantly increase production, with a target of three million metric tons within a set timeframe.
“The mining sector remains the key driver of our country’s economic transformation,” Kabuswe stated, underscoring the sector’s essential role in fostering national growth and development.
As part of efforts to further strengthen the sector, Zambia is hosting its first-ever Mining and Investment Indaba, themed “Mining Beyond Copper, Celebrating 100 Years of Mining.” This event will highlight diverse opportunities within the mining industry beyond copper and encourage collaboration among stakeholders.
