Zambia Miners Seek Stronger Policy Support to Unlock Copper Growth
Zambia Miners Seek Policy Support, Power and Investment to Triple Copper Production
As Zambia heads towards the August 13 general elections, the country’s mining industry is calling for policies that can accelerate investment and help deliver its ambitious target of producing 3 million tonnes of copper annually by 2031.
Mining companies and industry stakeholders are seeking stronger incentives for mineral processing, renewed exploration, improved infrastructure and increased power generation.
These measures are viewed as critical to expanding production and attracting the investment needed to position Zambia as a leading global copper producer.
The sector has already attracted more than $10 billion in investment since 2021, supporting the reopening and expansion of major mining operations.
However, industry leaders say further progress will depend on maintaining investor confidence and creating a stable regulatory environment.
Reliable electricity remains one of the biggest constraints. Zambia will require significant additional generation capacity to support the planned expansion, with mining companies calling for investment in new power projects alongside improvements to the existing grid.
Exploration is another priority. Industry representatives are pushing for reforms that can make exploration licensing more efficient and encourage greater spending on new mineral discoveries.
They also want stronger incentives for local processing and value addition to ensure Zambia captures more economic benefits from its mineral resources.
The mining industry remains central to Zambia’s economy, contributing around 9% of GDP and nearly half of government revenue.
With copper demand expected to remain strong due to electrification, renewable energy, infrastructure and electric vehicles, the sector is positioned to play a central role in the country’s next phase of economic growth.
The election will therefore be closely watched by mining investors, with the industry seeking policy continuity while urging the next government to address power constraints, regulatory efficiency, exploration and infrastructure.
For Zambia to achieve its 3-million-tonne copper ambition, miners say the focus must now shift from policy commitments to consistent implementation and an investment environment capable of supporting large-scale expansion.
