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Zambia’s mining industry is on the growth trajectory because of attractive policies the Government is initiating, President Hakainde Hichilema has said.
Hichilema said on Tuesday at State House during a press conference that his Government was resolute to attain three million tonnes in a decade.
He said the issue of Mopani Copper Mine (MCM) and Konkola Copper Mine (KCM) were keenly looked at with a sense of urgency.
The Zambian President said Kasenseli Gold Mine in Zambia’s North-Western Province which was shut a year ago would soon be on stream as most of the ‘lingering’ issues have been resolved.
He said unlocking issues that affected growth at First Quantum Minerals (FQM)’s Kansanshi and Kalumbila mines has in turn increased investments in mining investments.
Read more:Outrage misplaced,’ ZCM boss, Chilembo, knocks critics of govt, FQM mine deal https://www.zambiamonitor.com/outrage-misplaced-zcm-boss-chilembo-knocks-critics-of-govt-fqm-mine-deal/
Hichilema said while in the United States of America (USA) for the US-Africa summit, he witnessed the signing mining exploration project believed to be a new discovery in Zambia’s Chililabombwe mining town, which was the world’s highest-grade undeveloped large deposit of orange metal.
KoBold Metals, a coalition of billionaires including Bill Gates and Jeff Bezos, will commit US$150 million to develop the Ming’omba copper-cobalt mine in Zambia.
On the trending FQM-ZCCM-IH share conversion deal, he said the country would benefit significantly from the deal while maintaining that ZCCM-IH shares in Kansanshi were intact.
“ZCCM-IH will earn around US$190 million pay day. That is how sharp we are, ZCCM-IH never got such money previously ,we are on top of thing,” President Hichilema said.
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