Speaking in Kitwe during the official opening of the 13th Zambia International Mining and Energy Conference, President Hichilema said the investments cut across both new and existing mining operations.
He encouraged more investors to explore opportunities in Zambia’s mining and energy sectors, describing the country as a stable and attractive investment destination.
The Head of State emphasised that mining and energy remain central to Zambia’s economic recovery and growth, adding that government has set an ambitious target of producing three million metric tonnes of copper.
Meanwhile, Mines Minister Paul Kabuswe said Zambia is working towards achieving one million metric tonnes of copper production this year.
Mr Kabuswe noted that disruptions, including the closure of Sino Metals, have affected the country’s ability to meet the target.
Kitwe District Chamber of Commerce president Alinani Simumba said hosting ZIMEC provides an opportunity for Zambia to position itself as a reliable investment destination in the mining and energy sectors.
Earlier, NEWCO Mining director Gilbert Temba thanked President Hichilema for launching a mineral resource mapping exercise aimed at determining the country’s mineral reserves.
And Kitwe Mayor Mpasa Mwaya said mining remains a key driver of the national economy, with benefits extending to surrounding communities.
So how come the poverty? Still among the five poorest countries in the world.
Completely nothing to show for on the ground. No impact at all
The squalor and extreme poverty continues with total deterioration since 2021. Iyee Uluse
We need a government that is going to come and touch peoples lives. Even with serious inequality on the ground, some people are endorsing. Agencies which are supposed to check changing of gifts or money should check some of these endorsements
Tell us which government has ever touched people `s lives and aradicated poverty since 1964.Only people who economically illiterates expect overnight prosperity after years of mismanagement just in 4.6yrs.How possible is that?On the other hand the country is servicing the debt contract carelessy by pf.Common sense should be used sometimes