Zambia’s mining sector is experiencing a strong recovery, with economic expert Kelvin Chisanga praising its resilience and the positive impact of policy-driven reforms.
Chisanga pointed out that while production fell by 20% in 2023, the 12% growth in 2024 is a clear indication of the success of government policies and the dedication of key industry stakeholders.
“A significant part of this growth can be attributed to the government’s efforts to address legacy issues at Mopani Copper Mine and Konkola Copper Mine,” Chisanga explained.
He also acknowledged the contributions of major players like Barrick Gold and First Quantum Minerals, alongside other industry participants, who have helped drive growth despite challenges in the energy sector.
Chisanga called for increased support for small-scale miners, suggesting the development of aggregation models to boost production and enhance their overall impact on the industry.
Furthermore, he emphasized the need to accelerate geo-mapping initiatives and tackle mining cadastre issues to improve resource management and exploration.
“Faster progress in mineral processing and value addition is crucial, as Zambia aims to produce 3 million metric tons annually,” he added.
Regarding regulatory matters, Chisanga urged the government to maintain the current tax regime while addressing export tracking and compliance issues, particularly around Rule Number 18.
Chisanga expressed confidence in the sector’s future, believing that continued policy reforms, debt resolution, and determined investors could attract more capital inflows and strengthen foreign exchange reserves, promoting economic stability.
“The growth of the mining sector, supported by strategic planning and collaboration, holds the potential to drive Zambia’s broader economic goals,” he concluded.
