Ministry of Mines and Ivanhoe sign MoU

The government has taken a significant step towards bolstering its mining sector by signing a Memorandum of Understanding (MOU) with Ivanhoe Mines.

The agreement, signed by the Ministry of Mines and Minerals Development, aims to foster growth and development in the country's crucial mining industry.

During the signing ceremony, Mines Minister Paul Kabuswe expressed optimism about the potential benefits of this collaboration for Zambia's mining sector. Kabuswe highlighted Ivanhoe’s impressive track record of investment across Africa, suggesting that their expertise could prove valuable for the nation's mineral resource development.

Hapenga Kabeta, Permanent Secretary at the Ministry of Mines, emphasised the importance of this partnership, describing it as a crucial step towards unlocking various mining opportunities and promoting overall development in the sector.

Ivanhoe’s Executive Vice President for Special Projects Patricia Makhesha conveyed the company's enthusiasm for the venture.

As both parties move forward with this collaboration, stakeholders will be watching closely to see how it impacts job creation, technological advancements, and overall economic growth in Zambia's mining sector.