President Hakainde Hichilema officiated the Zambia Mining and Investment Insaka at the Mulungushi International Conference Centre yesterday, highlighting the country’s potential in the mining sector. He emphasized that Zambia could play a crucial role in addressing climate change through strategic investments in its rich mineral resources.
The government is focused on expanding the mining sector to mitigate economic shocks and create diversified revenue streams that benefit all Zambians. Hichilema noted that a robust mining industry could generate alternative energy sources, with surplus power contributing to the national grid.
Additionally, he called for the development of a framework to monitor the progress of mines toward achieving a target of three million tonnes of copper production. He proudly announced that Zambia has surpassed Colombia in emerald production, benefiting from lower production costs, and encouraged dialogue with global mining leaders to leverage this advantage.
The President stressed the need for collaboration between the government and mining investors to enhance the sector’s contribution to the economy while addressing the interests of all stakeholders.
