Yesterday, Mines and Minerals Development Permanent Secretary Dr. Hapenga Kabeta delivered a virtual presentation at the 2025 Africa Down Under conference in Perth, Australia. He outlined key achievements in Zambia’s mining sector and emphasized the country’s investment potential.
Dr. Kabeta stated that the mining sector’s expansion over the past four years demonstrates Zambia’s capacity to attract and sustain investment.
KEY SUCCESSES IN THE MINING INDUSTRY
Copper production increased by 12 percent in 2024, reaching 824,186 metric tons, surpassing production levels from the previous year.
The mining sector generated over 7,500 new jobs, reflecting the industry’s role in supporting economic growth and employment.
Major mining companies such as Barrick Lumwana and First Quantum Minerals (FQM) are reinvesting in Zambia and committing to long-term operations. Notable projects include:
i. Barrick Lumwana super pit, valued at over $2 billion
ii. FQM S3 Expansion, valued at $1.15 billion
iii. Vedanta’s investment in the KCM asset, totaling $1.5 billion
iv. Kobold Metals investment of $200 million, with more than $2 billion allocated for the Mingomba Mine development
The government has prioritized formalizing unlicensed community miners. Over 1,200 Artisanal Mining Rights (AMRs) have been issued in the last four years.
Dr. Kabeta highlighted that additional investment is required to meet rising global demand for copper and cobalt. He also noted emerging opportunities in lithium, nickel, and rare earth elements.
Zambia has potential for refining, smelting, and manufacturing, providing prospects for downstream processes. The government supports exploration through a nationwide geophysical airborne survey and improved access to data, making it easier for investors to identify opportunities.
The presentation reinforced Zambia’s position as a leading destination for mining investment in Africa, driven by production growth, job creation, and strategic projects in copper, cobalt, and emerging minerals.