Zambia Attracts Over Us $10 Billion In Mining Investments, Targets Sustained Sector Growth

Government says Zambia’s mining sector continues to record significant growth, with rising investor confidence and increased capital inflows attributed to stable and progressive government policies.

Speaking on the sidelines of the Ministerial Symposium during the Investing in African Mining Indaba in Cape Town, Minister of Mines and Minerals Development, Hon. Paul Kabuswe, announced that Zambia has attracted approximately over US$10 billion in mining investments over the past Four years.

“We are reporting positive outcomes as a result of the deliberate policies we have implemented,” Hon. Kabuswe stated. “Our focus remains on sustaining this momentum by attracting further investment and creating employment opportunities for the Zambian people.”

The Minister highlighted the successful revival of major mining operations, including Konkola Copper Mines (KCM), Mopani Copper Mines, and Shaft 28 in Luanshya. He 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 said.

Hon. Kabuswe 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,” he added.

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.

The Minister reaffirmed Government’s commitment to working closely with industry stakeholders to unlock the full potential of the mining sector.

“We are stronger together, and through continued collaboration, we will drive sustainable growth and national development through Zambia’s mining sector,” Hon. Kabuswe concluded.

Source: Ministry of Mines and Minerals Development