{"id":27916,"date":"2022-07-31T21:26:04","date_gmt":"2022-07-31T21:26:04","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent"},"modified":"2022-07-31T21:43:34","modified_gmt":"2022-07-31T21:43:34","slug":"zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent","title":{"rendered":"Zambia Poised To Take The Lead In Electric Vehicle Revolution On The Continent"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>ZAMBIA officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week as President Hakainde Hichilema launched the Enterprise nickel mine in Kalumbila.<\/p>\n

Once up and running, First Quantum Minerals\u2019 mine will be the largest producer of the strategic metal in Africa. Nickel, like lithium, cobalt, and copper, is an essential component in the batteries essential for the new era of \u2018green\u2019 vehicles.<\/p>\n

Designed to process 4 million tonnes of ore and produce around 28,000 tonnes of nickel per year, Enterprise will provide an estimated 700 permanent jobs while making Zambia the largest nickel producer on the continent and the 10th largest producer of the highly sought-after mineral in the world.<\/p>\n

\u201cI would like to thank First Quantum for the decision to invest $1.35bn in the expansion of Kansanshi\u2026and to raise additional capital for Enterprise,\u201d said President Hichilema at the ground breaking ceremony for the mine.<\/p>\n

\u201cThis investment, $1.3bn, will deliver direct and indirect jobs, somewhere in the region of 18,000; and in this country, colleagues, one job supports 10 other members of the family in the house or extended. So if you do your numbers correctly, 18,000 by 10, it\u2019s 180,000 people benefitting. That is where the value sits. So thank you First Quantum,\u201d he added.<\/p>\n

\u201cThis project will contribute to raising treasury income that we as a prudent government, part of which income we will use to buy a desk for a child who is sitting on the floor today, munokumvwa mwane?<\/p>\n

\u201cThis [nickel] is the future of our country, to a large extent. This is where this country must go and they must explore these resources sustainably and deliver value for our people,\u201d he said.<\/p>\n

\u201cAnd we are fortunate as a country to host a fair share of these minerals. But if they stay in the ground, we don\u2019t arrange projects like these, we don\u2019t unlock projects like these we will not be able to play our part in keeping our world cleaner and reduce the environmental damage whose consequences we know very well,\u201d he continued.<\/p>\n

It was less than three months ago that FQM announced the company\u2019s US$100 million investment into the project at this year\u2019s Mining Indaba, where President Hichilema welcomed the investment and reaffirmed his desire to see more partnerships like this that would turn Zambia into a hub for development and secure the country\u2019s place in the electric vehicle (EV) battery ecosystem.<\/p>\n

The nickel processing plant, which was completed in 2016 and given environmental approval, has sat on care and maintenance awaiting favourable market conditions since then.<\/p>\n

Now, with the global push for a green energy transition, rising demand for metals like nickel that are integral to the shift, and a new, favourable mining regime, the timing is just right for the nickel operation to finally be fired up.<\/p>\n

Speaking at the groundbreaking ceremony, FQM CEO Tristan Pascall said: \u201cIf the last few years have taught us anything, it is that stability is paramount. As key players in an industry where geopolitical security is so important, the hard work that Zambia has put into protecting that peace and stability does not go unnoticed. Zambia certainly is a prime investment destination for us.<\/p>\n

\u201cWith over a quarter century of experience under our belt, we appreciate the importance of working hand-in-hand with stakeholders and aligning with government mandates. Soon to become our third operation here, Enterprise project is in our books, a vote of confidence from \u2013 and for \u2013 the Zambian government and the Zambian people. It is a vote of confidence in our continued transparency, responsibility, and operational excellence.\u201d<\/p>\n

\u201cWe have been ready to make such an investment for a long time but have been waiting for the conditions to be right, both in terms of the country\u2019s mining policy and the global mineral market.\u201d<\/p>\n

President Hichilema, who on multiple occasions has referred to himself as the country\u2019s Chief Marketing Officer, has made leveraging Zambia\u2019s advantageous business environment to grow and diversify the mining industry a number one priority.<\/p>\n

\u201cThe new administration\u2019s assurance of a more stable, transparent investment environment that will be intolerant to corruption and governed by environmental, social and governance best practices was the nudge of encouragement we needed for this new project,\u201d said FQM Zambia Country Manager General Kingsley Chinkuli.<\/p>\n

With the opening of this new operation, the President has secured more jobs, more income, and more opportunities for locals to benefit from local procurement spend and corporate social investment.<\/p>\n

This leap to secure Zambia\u2019s stake in the EV battery market will not only shift the country\u2019s economic dependence from copper but will also unlock fresh opportunities for business and innovation in the nickel value chain.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. ZAMBIA officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week as President Hakainde Hichilema launched the Enterprise nickel mine in Kalumbila. Once up and running, First Quantum Minerals\u2019 mine will be the largest producer of the strategic metal in Africa. Nickel, like […]<\/p>\n","protected":false},"author":84,"featured_media":27915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12,16],"tags":[234,235,233],"class_list":["post-27916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambia Poised To Take The Lead In Electric Vehicle Revolution On The Continent - Zambia<\/title>\n<meta name=\"description\" content=\"ZAMBIA officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zambia Poised To Take The Lead In Electric Vehicle Revolution On The Continent\" \/>\n<meta property=\"og:description\" content=\"ZAMBIA officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-31T21:26:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-31T21:43:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/07\/postQueueImg_6-62e6f76c826b7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"957\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zambia Poised To Take The Lead In Electric Vehicle Revolution On The Continent\",\"datePublished\":\"2022-07-31T21:26:04+00:00\",\"dateModified\":\"2022-07-31T21:43:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent\"},\"wordCount\":812,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/07\/postQueueImg_6-62e6f76c826b7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-poised-to-take-the-lead-in-electric-vehicle-revolution-on-the-continent\",\"name\":\"Zambia Poised To Take The Lead In Electric Vehicle Revolution On The Continent - 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