Chililabombwe, Zambia – A significant milestone in Zambia’s mining sector was marked today with the official unveiling of JCHX Mining Limited as the new strategic investor in Lubambe Copper Mine Limited. The high-profile event, held in the heart of the Copperbelt, was graced by President Hakainde Hichilema, who described the development as a pivotal moment in the country’s mission to unlock its vast mineral potential.
The ceremony also included the groundbreaking of the deep ore body mining project, a venture poised to redefine copper production in the region. This project represents a bold step toward Zambia’s national target of producing 3 million tonnes of copper annually by 2031, a goal that reflects the country’s strategic ambition to become a global leader in copper production.
President Hichilema emphasised that the Zambian government’s economic vision is deeply rooted in attracting high-impact investment that promotes sustainable growth. He reiterated that Zambia’s path to resilience lies not in excessive consumption but in enhanced productivity across key sectors like mining, agriculture, and manufacturing. “We cannot build a resilient nation if we consume more than we produce,” the President noted. “Only through productive sectors can we create enduring jobs, grow local enterprises, and expand revenue for national development.”
The President commended Lubambe Copper Mine and ZCCM-Investment Holdings (ZCCM-IH) for their steadfast leadership and resilience in navigating operational challenges during turbulent economic periods. Their commitment to maintaining operations was instrumental in attracting JCHX Mining as a reliable strategic partner. Special recognition was also given to the Minister of Mines and Minerals Development, whose unwavering efforts ensured the successful finalisation of this crucial transaction.
The collaboration between Zambia and JCHX Mining reflects a broader vision of mutually beneficial partnerships based on trust and shared values. According to President Hichilema, such partnerships are essential to driving inclusive and sustainable economic growth, ensuring that the benefits of Zambia’s mineral wealth extend to local communities and the broader economy.
The groundbreaking of the deep ore body mining project in Lubambe is expected to unlock significant copper reserves, boost employment, and enhance Zambia’s export revenue. As global demand for copper rises due to its essential role in renewable energy and electric vehicle technologies, Zambia is positioning itself to become a key player on the global stage. With strong investor confidence, political will, and a clear national strategy, Zambia is well on track to realise its bold ambition of tripling its copper production by the next decade. The unveiling of JCHX Mining is not just a corporate announcement—it is a symbol of Zambia’s economic transformation journey.