Zambia reaffirms its commitment to investment in mining sector

Ministry of Mines and Minerals Development, Permanent Secretary, Dr. Hapenga Kabeta says Zambia is open for business and remains a competitive destination for mining investment.

Dr. Kabeta made these remarks during a virtual presentation at the ongoing 2025 Africa Down Under Conference in Perth, Australia, where he outlined the key successes and emerging opportunities in Zambia’s mining sector.

He emphasizes that the continued expansion of the mining industry over the past four years is a clear indicator of the country’s favorable investment climate.

Dr. Kabeta notes that copper production rose by 12% in 2024 to 824,186 metric tons, with 2025 figures already surpassing those recorded during the same period last year.

He highlights the creation of over 7,500 new jobs in the mining sector, underscoring its growing role in national employment.

Dr. Kabeta also pointed to renewed investor confidence, with companies like Barrick Lumwana and First Quantum Minerals (FQM) making significant reinvestments in Zambia.

He further outlines major capital projects, including over $2 billion for the Barrick Lumwana Super Pit, $1.15 billion for FQM's S3 Expansion, $1.5 billion from Vedanta in KCM, and more than $2 billion earmarked by Kobold Metals for the Mingomba Mine.

Dr. Kabeta reiterates the government’s commitment to creating a stable, transparent, and investor-friendly environment to support Zambia’s mining ambitions.