The Government has welcomed progress updates from KoBold Metals and its partner ZCCM-Investments Holdings (ZCCM-IH) on the Min’gomba Copper Mining Project in Chililabombwe, which is estimated to host one of the richest underground copper deposits in the world.
With KoBold’s advanced exploration technology and Zambia’s equity stake through ZCCM-IH, Min’gomba is expected to become a globally competitive, world-class mine. The project represents more than just copper extraction. It is positioned to transform local communities through value addition, create employment, build skills, and expand opportunities in trade and economic development.
President Hakainde Hichilema reaffirmed that the project will play a central role in Zambia’s ambition to increase copper production to 3 million tonnes annually by 2030. He emphasized that Zambians will remain at the center of this transformation, ensuring that the nation fully benefits from its natural resources.
The President highlighted the broader vision behind the mine, stating that Min’gomba must drive inclusive growth, empower local participation, and deliver tangible benefits beyond the mining sector. This approach is intended to align the project with Zambia’s long-term economic diversification goals.
Government has further reiterated its commitment to legal, safe, and formal mining practices. Security, sustainability, and responsible resource management will remain priorities as the country strengthens its position as a leading copper producer.
The Min’gomba project signals a new chapter for Zambia’s mining industry, combining technology-driven exploration with strong local participation. It stands as a cornerstone for the nation’s path toward sustainable growth and global competitiveness in the mining sector.