Zambia’s Mining Sector Attracts US$12 Billion in Investments
Zambia’s Minister of Mines and Minerals Development, Hon. Paul Kabuswe, MP, announced in a recent press briefing that the country’s mining sector has successfully attracted US$12 billion in investments.
Despite this substantial investment influx, Minister Kabuswe expressed concerns over the stagnation in copper production, which has plateaued at 750,000 metric tons.
He emphasized the government’s resolve to ramp up production, setting an ambitious target of reaching three million metric tons within the established timeframe.
“The mining sector has continued to be the major contributor to the country’s economic transformation agenda,” Kabuswe stated, highlighting the sector’s critical role in driving growth and development.
In conjunction with these developments, Zambia is hosting its inaugural Mining and Investment Indaba, themed “Mining Beyond Copper, Celebrating 100 Years of Mining.” The event aims to showcase the diverse opportunities within the mining sector beyond copper and foster collaboration among industry stakeholders.
