Finance Minister Situmbeko Musokotwane announced an increase in Zambia’s copper production to over 800,000 metric tonnes in 2024, up from 720,000 tonnes in 2023. The rise is attributed to effective mining policies and mine reopenings. Additionally, the government expects production to reach between 950,000 and one million tonnes this year. Investments in agriculture, including a fertilizer plant, further support economic growth.
Zambia’s Finance Minister Situmbeko Musokotwane has announced a significant rise in copper production, achieving over 800,000 metric tonnes in 2024, up from 720,000 tonnes in the previous year. This increase occurred despite ongoing challenges such as electricity shortages. The growth is attributed to strategic policies implemented in the mining sector and the reopening of several key mines.
The Minister expressed confidence that Zambia’s copper output could reach between 950,000 metric tonnes and one million tonnes by the end of the year. This optimistic forecast was made during the launch event of the Zambia Poverty and Equity Assessment in Lusaka, indicating the government’s proactive approach to boosting production in the sector.
In addition to the mining successes, Musokotwane highlighted the government’s achievements in the agriculture arena, noting that increased investments have resulted in the development of a fertilizer plant that is now a net exporter. This diversification reflects a broader strategy to enhance Zambia’s economic output across multiple sectors, not just mining.
Zambia’s copper production has notably increased to over 800,000 metric tonnes, driven by effective mining policies and the reopening of key mines. The government aims for a further increase to between 950,000 metric tonnes and one million tonnes within the year. Additionally, advancements in agriculture, including a new fertilizer plant, are contributing to the nation’s economic growth. Overall, these developments represent a strategic effort to enhance Zambia’s position in both the mining and agricultural sectors.
Original Source: znbc.co.zm
