Zambia has attracted approximately US$10 billion in mining investments over the past four years, Minister of Mines and Minerals Development Paul Kabuswe has announced.
Speaking on the sidelines of the Ministerial Symposium at the Investing in African Mining Indaba in Cape Town the Minister says the surge in investment reflects growing investor confidence driven by stable and progressive government policies.
The Minister says Government is focused on sustaining this momentum by attracting more capital into the sector while creating employment opportunities for Zambians.
He has highlighted the revival of major mining operations such as Konkola Copper Mines (KCM), Mopani Copper Mines, and Shaft 28 in Luanshya, alongside the development and expansion of new projects including Mingomba, Kitumba, and Lubambe Mines.
Mr. Kabuswe has noted that the progress demonstrates Government’s commitment to maintaining a stable, predictable, and investor-friendly mining environment.
With Africa holding about 30 percent of the world’s known mineral reserves, Mr. Kabuswe says Zambia is positioning itself as a key player in supporting the global transition to green technologies through mining.
By Rachel Mumba
