Zambia Attracts Over US$10 Billion in Mining Investment
The Government says Zambia’s mining sector continues to register strong growth, driven by rising investor confidence and sustained capital inflows under stable and progressive policy reforms.
Speaking on the sidelines of the Ministerial Symposium at the Investing in African Mining Indaba in Cape Town, Minister of Mines and Minerals Development Honourable Paul Kabuswe said Zambia has attracted more than US$10 billion in mining investment over the past four years.
“We are recording positive results from the deliberate policies we have put in place,” Hon. Kabuswe said. “Our priority is to sustain this momentum by attracting more investment while creating employment opportunities for the Zambian people.”
The Minister cited the successful revival of major mining operations, including Konkola Copper Mines (KCM), Mopani Copper Mines, and Shaft 28 in Luanshya, as well as the development and expansion of new projects such as Mingomba, Kitumba and Lubambe Mines.
He said these developments are contributing to increased production and improved stability in the sector.
Hon. Kabuswe said the progress reflects Government’s commitment to maintaining a stable, predictable and investor-friendly mining environment, underpinned by clear policy direction and strategic reforms.
He also highlighted the importance of partnerships in advancing sustainable mining, in line with this year’s Mining Indaba theme, “Stronger Together: Progress through Partnerships.”
“Collaboration is critical to promoting responsible mining practices, strengthening value addition and driving long-term economic growth,” the Minister said.
With Africa holding an estimated 30 per cent of the world’s known mineral reserves, Hon. Kabuswe said Zambia is positioning itself as a key contributor to the global transition towards green technologies.
He reaffirmed Government’s commitment to working closely with industry stakeholders to unlock the full potential of the mining sector and ensure that growth translates into national development.
“By working together, we will continue to drive sustainable growth and deliver lasting benefits to the Zambian economy,” he said.
