{"id":59056,"date":"2024-03-01T22:00:47","date_gmt":"2024-03-01T22:00:47","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=59056"},"modified":"2024-03-01T06:46:04","modified_gmt":"2024-03-01T06:46:04","slug":"government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors","title":{"rendered":"Government to Hand Over Mopani and Konkola Copper Mines to New Investors"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>In a significant development for Zambia\u2019s mining sector, the government has announced plans to hand over Mopani Copper Mines to a new investor by the end of February 2024. Finance and National Planning Minister Situmbeko Musokotwane disclosed this information, further revealing that only one step remains before Konkola Copper Mines is returned to Vedanta, with production set to resume.<\/p>\n

Dr. Musokotwane emphasized that the return of these mining giants to production will not only revive livelihoods in the Copperbelt region but also across the country. He highlighted that even before production commences, investors are already injecting money into Zambia, paying local creditors, and preparing for increased production. These payments have contributed to the appreciation of the kwacha, he noted.<\/p>\n

Moreover, Dr. Musokotwane expressed confidence in the economy\u2019s growth trajectory, citing developments by mining companies like FQM and Barrick, which have begun developing new ore bodies to enhance production.<\/p>\n

The Finance Minister made these remarks during a Ministerial Statement on the Performance of the economy as of January 31, 2024, in the National Assembly. Additionally, he provided an update on the progress of debt restructuring, stating that formalities and agreements with official creditors are nearing completion.<\/p>\n

These announcements signal positive momentum in Zambia\u2019s mining sector and broader economy, with the imminent return of key players expected to catalyze economic growth and stability.<\/p>\n

The government\u2019s proactive measures and progress in debt restructuring are viewed as crucial steps towards revitalizing the country\u2019s economy and fostering investor confidence.<\/p>\n

This news comes as a promising development for Zambia, with hopes high for a resurgence in economic activity and prosperity, particularly in regions reliant on the mining industry.<\/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 development for Zambia\u2019s mining sector, the government has announced plans to hand over Mopani Copper Mines to a new investor by the end of February 2024. Finance and National Planning Minister Situmbeko Musokotwane disclosed this information, further revealing that only one step remains before Konkola Copper Mines is returned […]<\/p>\n","protected":false},"author":84,"featured_media":59055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-59056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nGovernment to Hand Over Mopani and Konkola Copper Mines to New Investors - Zambia<\/title>\n<meta name=\"description\" content=\"In a significant development for Zambia\u2019s mining sector, the government has announced plans to hand over Mopani Copper M ...\" \/>\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\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government to Hand Over Mopani and Konkola Copper Mines to New Investors\" \/>\n<meta property=\"og:description\" content=\"In a significant development for Zambia\u2019s mining sector, the government has announced plans to hand over Mopani Copper M ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors\" \/>\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=\"2024-03-01T22:00:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/03\/sm_1709262804.665883.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government to Hand Over Mopani and Konkola Copper Mines to New Investors\",\"datePublished\":\"2024-03-01T22:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/03\/sm_1709262804.665883.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/government-to-hand-over-mopani-and-konkola-copper-mines-to-new-investors\",\"name\":\"Government to Hand Over Mopani and Konkola Copper Mines to New Investors - 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