IRH Invests Over $800 Million in Mopani Copper Mines

International Resources Holdings (IRH) has invested over $800 million into the revitalisation of Mopani Copper Mines on the Copperbelt, marking a significant milestone in Zambia’s mining sector. The investment is part of a broader $1 billion commitment aimed at boosting production and sustainability within the mine.

Mopani Chief Executive Officer Charles Sakanya confirmed the financial injection, emphasising its role in modernising operations and securing long-term growth for the mine. The investment is expected to enhance infrastructure, improve efficiencies, and create opportunities for local suppliers and contractors.

During a recent visit to the site, Mines Minister Paul Kabuswe reaffirmed the government’s commitment to ensuring local businesses benefit from the mining sector’s growth. “We want our people to be happy,” he stated, highlighting the importance of supporting Zambian suppliers and contractors through strategic partnerships.

Presidential Adviser for Economic Affairs Jito Kuyomba echoed these sentiments, applauding the leadership and direction of the industry. “Because of phenomenal, methodical leadership, you are seeing an immense amount of investment in this industry,” he said. “We are talking about all the investment that has taken place in Mopani, in KCM, in what’s coming in Mingomba, in Kansanshi—across the country.”

With this significant capital infusion, Mopani Copper Mines is set to play a key role in Zambia’s broader economic development, reinforcing the country’s status as a major player in the global copper market.