Kabuswe Highlights Growth in Zambia's Mining Sector

Zambia's mining sector is seeing remarkable progress, as shared by Minister of Mines Paul Kabuswe during a press conference on 22 January 2025. With increased copper production and strengthened employment figures, the government’s initiatives are driving economic growth and local development.

Copper production surged by 12% in 2024, with standout performances from Lumwana and First Quantum Mines. Mopani Copper Mines also recorded significant achievements, including a workforce increase from 10,765 to 12,684 employees, alongside a rise in copper grades from 1.68% to 2.21%. Production levels jumped from 2.2 million to 2.8 million tonnes, and 82% of Mopani’s suppliers are now Zambian owned.

Konkola Copper Mines is similarly thriving following its relaunch. The government has resolved disputes amicably, unlocking a $1.3 billion investment over the next five years. This move is expected to create 2,000 direct and indirect jobs. Additional milestones include $250 million paid to suppliers, fulfilled salary increases of 20% and K2,500 bonus payments to all employees.

Policy reforms are also transforming the sector. The Mines Regulatory Commission Act has been operationalised to enhance regulation, while the draft Geological Bill is poised to replace the outdated Mines Act. Local content regulations and a newly formed Zambia Minerals Investment Corporation aim to boost Zambian participation and value addition. However, Kabuswe stressed the need to address illegal mining and improve safety across the sector.

With a 50% increase in non-tax revenue and strong reform momentum, the government is resolute in ensuring Zambia’s mining sector benefits its citizens. Finance Minister Situmbeko Musokotwane emphasised that "2025 should be the start of this revival, and it will be getting stronger and stronger each year going forward." This positive attitude demonstrates the government's commitment to implementing policies that will stimulate growth and encourage both domestic and foreign investment in the mining sector.