zambia mining investment

Zambia's mining sector has in 2023 recorded US$3.4 billion in investment commitments, an achievement which has been hailed by the country's mines body. Statistics from the Zambia Chamber of Mines (ZCM) indicated that the country's mining sector had this year recorded US$3.4 billion in investment commitments in 2023, …

The Zambian government is expected to make a final decision on the sale of Mopani Copper Mines this month, securing a new investor for the assets it bought from Glencore in 2021, a source with ...

Zambia's mining sector is mainly governed by the Mines and Minerals Development Act 2015, ... ZCCM Investments Holdings Plc, Kagem Mining Ltd, Sino-Metals Leach Zambia Ltd, Larfage Cement Zambia Plc, and CNMC Luanshya Copper Mines Plc. Even so Zambia EITI has greatly increased the coverage of data per project, …

US-based artificial intelligence exploration firm KoBold Metals has reportedly pledged a $150m investment to own, explore, and develop the Mingomba copper-cobalt mine in Zambia. As part of the investment deal, KoBold agreed to pay $115m to the owners of the Lubambe Copper Mine, in which private-equity firm EMR Capital owns an …

Zambia is seeking to restructure a $1.5 billion debt owed by Mopani Copper Mines to Glencore, which arose from its acquisition of Mopani in 2021, state-owned mining firm ZCCM-Investment Holdings ...

chain" and "themes" relevant to mining investment and governance. The mining sector is important in Zambia and is likely to continue to be so. Zambia has a long history of mining and a large known resource base of copper, emeralds and other deposits, as well as good potential for further discoveries given the high degree of prospectivity. The

Moreover, the Zambia Development Agency (ZDA) unveiled its strategic plan for 2022-2026 on October 20th, 2023, with the goal of stimulating economic growth by attracting a total of USD 36 billion in Foreign Direct Investment (FDI) and Local Direct Investment (LDI). This plan is designed to align the agency with the economic transformation ...

The Zambia Mining Investment and Governance Review (MInGov) collects and shares information on mining sector governance, its attractiveness to investors …

KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said it has discovered a vast copper deposit in Zambia. The rare discovery ...

The Mining Investment and Governance Review (MInGov) is a tool used to systematically diagnose mining governance, improve sector performance, encourage investment, and facilitate engagement by civil society. MInGov data for individual countries are collected from a variety of sources (primary, secondary, and interviews) and made publicly available.

The Zambia Mining Investment and Governance Review (MInGov) collects and shares information on mining sector governance, its attractiveness to investors and how its activities affect national development. It reviews sector performance from the perspective of three main stakeholder groups– government, investors in the mining value chain and ...

Zambia 2023 Mining Report. Overview. Investment in Zambia's mining sector tripled in 2022 thanks largely to the introduction of various tax incentives in the new Government's first budget and the apparent commitment to maintaining a stable mining tax policy.

The Zambia Mining Investment and Governance Review (MInGov) collects and shares information on mining sector governance, its attractiveness to investors and how its activities affect national development. It reviews sector performance from the perspective of three main stakeholder groups– government, investors in the mining value chain and …

The Zambia Mining Investment and Governance Review (MInGov) collects and shares information on mining sector governance, its attractiveness to investors and …

Zambian reform leading to investment This appears to have already brought benefit to Zambia. In a well-choreographed stamp of approval for the changes HH's administration have brought in, the country's top copper producer, Canadian-listed First Quantum Minerals (FQM), announced a new $1.35 billion dollar investment over 20 …

The mining industry of Zambia attracted investment of approximately USD 8 billion since the 2000 employing 80,000 in 2013 compared to 27,000 in 2000. It has been forecasted that the investment in mining sector of …

The mine development would be a major win for Zambia's President Hakainde Hichilema, who has set an ambitious copper production target of 3 million tonnes a year by 2032, from around 850,000 ...

President Hakainde Hichilema has highlighted several investments pledges which have been made in the mining sector that includes the US$1.3 billion by China Non-Ferrous Mining Corporation (CNMC) into various operations in Zambia. Hichilema said CNMC pledged investment include the US$600 million reopening of shaft 28 at the …

The Zambia Mining Investment and Governance Review (MInGov) collects and shares information on mining sector governance, its attractiveness to investors and how its activities affect national development. It reviews sector performance from the perspective of three main stakeholder groups– government, investors in the mining …

Investment in Zambia's mining sector tripled in 2022 thanks largely to the introduction of various tax incentives in the new Government's first budget and the apparent commitment to maintaining a stable mining tax policy. In the first edition of our mining report, we focused on how Zambia's mining sector can rebuild trust among ...

Copper demand is expected to increase up to threefold by 2040 while cobalt demand is expected to rise over 20 fold. Zambia has 6% of the world's copper reserves, and the metal accounts for up to ...

Online Services E-Services The Zambia Development Agency (ZDA) applauds Government under the leadership of His Excellency, Mr. Hakainde Hichilema President of the Republic of Zambia on investment achievements attained in the first two years in office that has risen from US$3.31 in 2021 to about US$37 billion in 2023.

Analysts anticipate that mining investors will flock to Zambia, still one of the biggest copper producers globally, especially since President Hakainde Hichilema came into office in August 2021 and announced a range of incentives, such as a sliding royalty rate for mines, to lure back investors. Hichilema, or 'HH' as the investor community ...

In Zambia, the copper mining industry represents 80 percent of economic production, ... However, Chinese debt only represents "17.6 percent of total external debt payments," showing that Zambian …

KoBold still plans to have the $2 billion underground copper mine in Zambia built within the decade, with first production in the early 2030s, but it needs to update resource estimate and complete ...

The Zambian government, through its investment-holding company ZCCM-IH, is a minority shareholder in nearly all of them – and is, in effect, the biggest shareholder in Zambia's mining industry. The "Big …

The Zambia Mining Investment and Governance Review (MInGov) collects and shares information on mining sector governance, its attractiveness to investors and how its activities affect national development. It reviews sector performance from the perspective of three main stakeholder groups– government, investors in the mining …

December 18, 2023. It's been a very promising year for mining in Zambia, with the sector attracting US$3.4 billion in investment commitments, doubling the pledges made in …

A recent policy report by the London School of Economics' International Growth Centre (IGC) has done an in-depth dive into Zambia's copper industry, identifying crucial pain points and opportunities for the country's economic development.. Zambia is a significant player in copper mining in Africa, second only to the DRC. The country relies …

ZIMEC 2023 Forum Sparks Investment Optimism in Zambia's Mining and Energy Sectors. Energy; Mining; November 17, 2023. Zambia Development Agency Launch 2022-2026 Plan to Welcome USD 36 Billion in Investments. Economy; November 2, 2023. News. Trade; Zambia and Namibia Sign MoUs to Boost Trade and Industrial Cooperation.

Zambia wasted no time in making a splash at last week's Investing in African Mining Indaba, the annual four-day event at Cape Town's International Convention Centre that brings together investors, political leaders, commodity traders, and companies across the mining value chain to network and, above all, to identify investment opportunities.