Economy

Indian investors expected in Zambia to explore copper mining opportunities

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The Indian government has announced plans to send industry delegation for copper mining opportunities in Zambia.

The Ministry of Mines proposed sending an Indian industry delegation to Zambia to discuss potential exploration and mining projects in the southern African country, according to reports.

The delegation would include Vedanta and its subsidiary Hindustan Zinc, along with electric vehicle (EV) maker Ola Electric and lithium-ion battery recycler LOHUM.

The mining firms expressed interest in joining the delegation to Zambia to attend a joint working group (JWG) meeting to discuss cooperation in the field of mineral resources.

Read More: Barrick Gold, Zambia, reports lower Q4 copper production at Lumwana mine

Zambia has about six percent of the world’s copper reserves and is the eighth-largest producer of copper in 2022.

Copper is widely used in sectors like construction, consumer durables, transportation, and industrial manufacturing.

It is also used in clean energy technologies including solar panels, EVs, and energy efficient motors.

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