By Cecilia Chiluba/Zambia/ Lusaka
Government has announced that Zambia has attracted about US$10 billion in mining investments over the past four years.
Minister of Mines and Minerals Development, Paul Kabuswe, noted that the positive mining sector growth was a result of deliberate policies that government has implemented.
Mr. Kabuswe stated that Government’s focus remains on sustaining this momentum by attracting further investment and creating employment opportunities for the Zambian people.
The Minister was speaking on the sidelines of the Ministerial Symposium during the Investing in African Mining Indaba in Cape Town, South Africa.
“Zambia’s mining sector continues to record significant growth, with rising investor confidence and increased capital inflows attributed to stable and progressive government policies,” Mr. Kabuswe said.
He highlighted the revival of major mining operations, including Konkola Copper Mines (KCM), Mopani Copper Mines, and Shaft 28 in Luanshya, on the Copperbelt province.
Mr. Kabuswe also noted the development and expansion of new projects such as Mingomba, Kitumba, and Lubambe Mines, which are contributing to increased production and sector stability.
“This progress demonstrates Government’s commitment to creating a stable, predictable, and investor-friendly mining environment,” he added.
He emphasized the importance of strategic partnerships in advancing sustainable mining development, in line with this year’s Indaba theme, ‘Stronger Together: Progress through Partnerships.’
“Collaboration is essential to promoting responsible mining practices, enhancing value addition, and driving long-term economic growth,” Mr. Kabuswe stressed.
Mr. Kabuswe reaffirmed Government’s dedication to working closely with industry stakeholders to unlock the mining sector’s full potential.
“We are stronger together, and through continued collaboration, we will drive sustainable growth and national development through Zambia’s mining sector,” he said.
The symposium aims to bring policymakers and industry leaders together to set realistic targets, foster investment, and ensure sustainable mining practices.
President Hakainde Hichilema is expected to deliver a keynote address, emphasizing Zambia’s commitment to sustainable mining and economic development.
With Africa holding approximately 30 percent of the world’s known mineral reserves, Zambia is positioning itself as a key player in supporting the global transition to green technologies.
