{"id":57569,"date":"2024-02-06T21:37:24","date_gmt":"2024-02-06T21:37:24","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa"},"modified":"2024-02-07T21:54:24","modified_gmt":"2024-02-07T21:54:24","slug":"highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa","title":{"rendered":"HIGHLIGHTS FROM HIS EXCELLENCY PRESIDENT HAKAINDE HICHILEMA\u2019S STATEMENT TO THE 2024 AFRICAN MINING INDABA TAKING PLACE IN CAPE TOWN, SOUTH AFRICA"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>The President emphasized that several investments made in the mining industry are already paying off. \u2705 He announced that First Quantum Minerals (FQM) has invested US$100 million in Enterprise Nickel Mine -Africa\u2019s largest nickel producer.<\/p>\n<p>\u2705 First Quantum Minerals is also investing over US$1 billion to expand the Kansanshi mine and smelter in S3, which is helping to improve downstream beneficiation.<\/p>\n<p>\u2705 He indicated that Moxico Resources began production at its Mimbula Mining project in March 2023, and during the first nine months of operation, the project produced 6,000 tons of Copper.<\/p>\n<p>\u2705 The President noted that Kobold Metals, which uses Pioneering Artificial Intelligence, AI technology, has made significant progress in defining the orebody at its Mingomba project, following a $150 million investment in 2022.<\/p>\n<p>\u2705 He further noted that Barrick Gold Corporation has doubled down on its commitment with a $2 billion investment to expand its Lumwana Mine into a \u2018super-pit\u2019, capable of producing 240,000 tons of copper per year when it comes online in 2028.<\/p>\n<p>\u2705 China Non-Ferrous Mining Corporation has pledged US$1.3 billion investment over the next five years for its various operations in Zambia, including US$600 million reopening of shaft 28 at the Luanshya copper Mines, on the Copperbelt.<\/p>\n<p>\u2705 The President reiterated government\u2019s commitment to making Zambia a reliable investment partner of choice on the African continent.<\/p>\n<p>\u2705 He indicated that the New Dawn Administration has made substantial progress in resolving issues around Mopani Mine and Konkola Copper Mines.<\/p>\n<p>\u2705 Government is grateful to International Resource Holding and Vedanta Resources, for the combined US$2.3 billion investment they have committed to providing, in order to fulfill the potential of these two national assets<\/p>\n<p>\u2705 Government has made significant efforts to support the Gemstone Sector and, in particular, Emeralds, where Zambia has become the world\u2019s largest producer of this precious stone.<\/p>\n<p>\u2705 He encouraged diversification through mineral exploration exercise so as to confirm resources in rare earths, lithium, gold, manganese, graphite, Sugilite, and diamonds. Energy and Transport Sector<\/p>\n<p>\u2705 He indicated that Government is working with local and international partners to boost Zambia\u2019s energy and transport infrastructure, which will help to support the country\u2019s bold mining ambitions.<\/p>\n<p>These projects include: The US$2.2 billion Kafue Gorge Lower Power Station; the UK- Zambia Green Growth Compact, opening up US$3 billion in private sector and government funding for renewable energy projects across Zambia. The Copperbelt Energy Company US$200 million Green Bond issued \u2013 to finance solar, wind and other renewable energy in Zambia.<\/p>\n<p>\u2705 He also noted that Government has opened up the energy market to private sector players through the open access regime and facilitated off-taker guarantee financing, allowing mining companies to finance captive power to fuel their expansion projects.<\/p>\n<p>\u2705 Government has further lined up infrastructure projects like the Zambia \u2013 Lobito rail line and the upgrading of TAZARA railway line to provide a smoother route to markets for mining operations based in, Zambia.<\/p>\n<p>\u2705 The President has since called for investment partnerships to power new, green, African future: helping the world to meet its climate targets and usher in a new era of industrialisation for Africa, and the global community.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. The President emphasized that several investments made in the mining industry are already paying off. \u2705 He announced that First Quantum Minerals (FQM) has invested US$100 million in Enterprise Nickel Mine -Africa\u2019s largest nickel producer. \u2705 First Quantum Minerals is also investing over US$1 billion to expand the Kansanshi mine and smelter [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":57568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-57569","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HIGHLIGHTS FROM HIS EXCELLENCY PRESIDENT HAKAINDE HICHILEMA\u2019S STATEMENT TO THE 2024 AFRICAN MINING INDABA TAKING PLACE IN CAPE TOWN, SOUTH AFRICA - Zambia<\/title>\n<meta name=\"description\" content=\"The President emphasized that several investments made in the mining industry are already paying off. \u2705 He announced tha ...\" \/>\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\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HIGHLIGHTS FROM HIS EXCELLENCY PRESIDENT HAKAINDE HICHILEMA\u2019S STATEMENT TO THE 2024 AFRICAN MINING INDABA TAKING PLACE IN CAPE TOWN, SOUTH AFRICA\" \/>\n<meta property=\"og:description\" content=\"The President emphasized that several investments made in the mining industry are already paying off. \u2705 He announced tha ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa\" \/>\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=\"2024-02-06T21:37:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-07T21:54:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707243723.541302.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\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=\"3 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\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"HIGHLIGHTS FROM HIS EXCELLENCY PRESIDENT HAKAINDE HICHILEMA\u2019S STATEMENT TO THE 2024 AFRICAN MINING INDABA TAKING PLACE IN CAPE TOWN, SOUTH AFRICA\",\"datePublished\":\"2024-02-06T21:37:24+00:00\",\"dateModified\":\"2024-02-07T21:54:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa\"},\"wordCount\":536,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707243723.541302.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\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/highlights-from-his-excellency-president-hakainde-hichilemas-statement-to-the-2024-african-mining-indaba-taking-place-in-cape-town-south-africa\",\"name\":\"HIGHLIGHTS FROM HIS EXCELLENCY PRESIDENT HAKAINDE HICHILEMA\u2019S STATEMENT TO THE 2024 AFRICAN MINING INDABA TAKING PLACE IN CAPE TOWN, SOUTH AFRICA - 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