Zambia’s Govt Reaffirms Commitment to Mining Sector Growth Amid Strong Copper Production
Zambia’s government has reiterated its commitment to creating a favorable investment climate in the mining sector, citing impressive increases in copper production as evidence of the success of its policies, according to Canadian miner First Quantum Minerals (FQM).
This affirmation followed a recent visit by government officials, including the Ministers of Finance, Mines, Information, and Labour, to FQM’s Kansanshi and Trident mining operations.
The visit underscored a significant rise in copper production, which is helping Zambia move closer to its ambitious target of producing 3 million tons of copper annually by 2031.
The government’s focus on policy stability and predictability has contributed to the sector’s growth, with Mines Minister Paul Kabuswe noting that increased production has led to job creation, revenue generation, and social development.
He highlighted the Kansanshi mine’s projected 22% increase in copper production this year, alongside the ongoing revitalization of the S3 Expansion project.
FQM’s Zambia country manager, Dr. Godwin Beene, commended the government for its efforts to address sector challenges, particularly illegal mining and theft.
He emphasized the need for stronger collaboration to enhance security and curb the illegal activities affecting operational efficiency.
FQM reaffirmed its long-term commitment to Zambia’s mining sector, focusing on investments in local businesses, communities, and responsible procurement to support national growth and the country’s broader socioeconomic development.
