Zambia’s Mines Minister Highlights Strong Growth in Mining Sector
Zambia’s mining sector is experiencing significant growth, as Minister of Mines Paul Kabuswe highlighted during a press conference on January 22, 2025.
The sector’s robust performance, driven by increased copper production and enhanced employment figures, is contributing to economic growth and local development.
Copper production rose by 12% in 2024, with notable contributions from Lumwana and First Quantum Mines. Mopani Copper Mines also saw impressive results, including a workforce increase from 10,765 to 12,684 employees, alongside a rise in copper grades from 1.68% to 2.21%. As a result, production surged from 2.2 million to 2.8 million tonnes, and 82% of Mopani’s suppliers are now Zambian-owned.
Konkola Copper Mines has similarly thrived following its relaunch. The government has resolved disputes, unlocking a $1.3 billion investment over the next five years.
This investment is expected to create 2,000 direct and indirect jobs. Other achievements include $250 million paid to suppliers, 20% salary increases, and K2,500 bonus payments for all employees.
In addition, policy reforms are transforming the sector. The operationalisation of the Mines Regulatory Commission Act enhances regulatory oversight, while the draft Geological Bill is set to replace the outdated Mines Act.
New local content regulations and the formation of the Zambia Minerals Investment Corporation aim to increase local participation and value addition in the mining sector. Kabuswe also noted the importance of addressing illegal mining and improving safety standards.
With a 50% increase in non-tax revenue and continued momentum in reforms, the government is focused on ensuring that Zambia’s mining sector delivers lasting benefits to its citizens.
Finance Minister Situmbeko Musokotwane expressed confidence, stating, “2025 should be the start of this revival, and it will continue to strengthen each year.” This optimistic outlook underscores the government’s commitment to policies that will drive growth and attract both domestic and foreign investment in Zambia’s mining industry.
