{"id":57481,"date":"2024-02-05T21:51:17","date_gmt":"2024-02-05T21:51:17","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector"},"modified":"2024-02-05T22:05:16","modified_gmt":"2024-02-05T22:05:16","slug":"massive-investment-boost-predicted-for-zambias-mining-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector","title":{"rendered":"Massive Investment Boost Predicted for Zambia\u2019s Mining Sector"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>In a significant economic development, Jito Kayumba, the Special Advisor to the President for Economy, Investment, and Development Affairs, announced that increased investments in Zambia\u2019s mining sector are expected to bring about a substantial financial injection. Mr. Kayumba highlighted the projections during a prelude to the 2024 Mining Indaba in Cape Town, South Africa, themed \u201cEmbracing the power of positive disposition; a bold new future for African Mining.\u201d<\/p>\n

According to Mr. Kayumba, the new investor in Mopani Copper Mine, International Resource Holdings, is set to be a game-changer. The projections indicate a staggering increase in copper production from the current 225,000 metric tonnes to an impressive 600,000 metric tonnes. This surge in production is anticipated to result in a substantial financial influx, estimated at 1.4 billion US dollars.<\/p>\n

Speaking on the developments, Mr. Kayumba emphasized the positive impact such investments could have on Zambia\u2019s economy. The mining sector has long been a cornerstone of the country\u2019s economic landscape, and these advancements signal a promising era for growth and development. Mines Minister Name(required) Email(required) Website Message Submit \u0394<\/p>\n

provided additional insights into the government\u2019s plans, disclosing that February 28 is the targeted date for the official handover of both Mopani and Konkola copper mines to their respective investors. He explained that the government is in the final stages of concluding documentation and settling payments with creditors to facilitate the seamless handover process.<\/p>\n

Submit \u0394 On the sidelines of the Mining Indaba in South Africa, Mr. Kabuswe further revealed the government\u2019s commitment to implementing more stringent measures to prevent mine accidents resulting from illegal mining activities. The move reflects the administration\u2019s dedication to ensuring the safety and sustainability of the mining industry.<\/p>\n

As Zambia positions itself for increased investment and production in the mining sector, these developments underscore the nation\u2019s determination to foster economic growth, attract international investors, and create a conducive environment for the mining industry\u2019s prosperity.<\/p>\n

The 2024 Mining Indaba is expected to provide a platform for stakeholders to discuss and strategize the way forward for African mining, emphasizing collaboration, sustainability, and the positive impact on local economies.<\/p>\n

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

Africa-Press – Zambia. In a significant economic development, Jito Kayumba, the Special Advisor to the President for Economy, Investment, and Development Affairs, announced that increased investments in Zambia\u2019s mining sector are expected to bring about a substantial financial injection. Mr. Kayumba highlighted the projections during a prelude to the 2024 Mining Indaba in Cape Town, […]<\/p>\n","protected":false},"author":84,"featured_media":57480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-57481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nMassive Investment Boost Predicted for Zambia\u2019s Mining Sector - Zambia<\/title>\n<meta name=\"description\" content=\"In a significant economic development, Jito Kayumba, the Special Advisor to the President for Economy, Investment, and D ...\" \/>\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\/massive-investment-boost-predicted-for-zambias-mining-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massive Investment Boost Predicted for Zambia\u2019s Mining Sector\" \/>\n<meta property=\"og:description\" content=\"In a significant economic development, Jito Kayumba, the Special Advisor to the President for Economy, Investment, and D ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector\" \/>\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=\"2024-02-05T21:51:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-05T22:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707157937.970997.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"488\" \/>\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=\"2 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\/massive-investment-boost-predicted-for-zambias-mining-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Massive Investment Boost Predicted for Zambia\u2019s Mining Sector\",\"datePublished\":\"2024-02-05T21:51:17+00:00\",\"dateModified\":\"2024-02-05T22:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector\"},\"wordCount\":371,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707157937.970997.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/massive-investment-boost-predicted-for-zambias-mining-sector\",\"name\":\"Massive Investment Boost Predicted for Zambia\u2019s Mining Sector - 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