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The future of Zambia’s mining industry will be put on the spotlight at the 2024 Investing in African Mining Indaba to be held in South Africa next month, as President Hakainde Hichilema delivers a key note address at the event.
Hichilema during his address is expected to delve into the future of Zambia’s mining industry and outline his plans to expand copper production.
This would be Hichilema’s second appearance at Mining Indaba as President, having delivered a keynote address in May 2022, shortly after his landslide election victory in 2021.
This is contained in a statement issued on Wednesday.
During his keynote address, the President is expected to position Zambia as a major player in the global mining industry.
“He will also address efforts for Zambian mining to expand into a wider array of critical minerals including cobalt, nickel and manganese.
“Furthermore, Hichilema’s speech will explore the potential for collaboration between the government, industry stakeholders, and investors, highlighting the need for partnerships to drive innovation and maximise the sector’s socio-economic benefits,” according to the statement.
“Already, the seventh largest copper producer in the world, Hichilema has set out to advance Zambia’s ranking with an ambitious goal of expanding copper production from 800,000 tonnes per year currently to around three million tonnes of copper by 2030.
“Under Hichilema’s leadership, the government of Zambia has reviewed the mining tax framework, ensuring a stable and competitive taxation system while eliminating double taxation,” the statement noted.
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