By 
Chinese-owned mining companies have reportedly invested over US$1 billion into Zambia’s mining sector, generating thousands of jobs, the Economic and Commercial Counsellor at the Chinese Embassy in Zambia, Jin Jun, has claimed.
Speaking during the Tax Compliance and Risk Management Workshop held at the Carri Hotel in Lusaka, Jun said the investments reflected Zambia’s favourable business climate and abundant mineral endowment.
He added that Chinese-owned mines now accounted for more than 50 percent of the country’s total copper production.
Jun noted that Zambia had maintained its position as the world’s second-largest copper producer for seven consecutive years, attributing this to sustained efforts to attract foreign investment and strengthen mining sector stability.
He said Chinese companies would continue to support Zambia’s mining growth while prioritising cooperation with local communities and adherence to sustainable development practices.
“The Chinese government has provided a framework for companies to operate in Zambia, including strict adherence to local laws, localization programmes, and safety and labour standards,” Jun said.
He added that Chinese investments had introduced new technologies, improved mining efficiency, and contributed significantly to local economic development.
Read More: Govt moves to check illegal trade in gold, sets up marketing centres nationwide
He also highlighted that Chinese enterprises were promoting green and standardised mining practices aimed at reducing environmental impact.
Jun described the Zambia–China partnership as a model of effective international cooperation that continued to deliver economic and social benefits to Zambia.
“Chinese enterprises in Zambia take their social responsibilities seriously and continue working with local communities to promote sustainable development,” he said.
Meanwhile, Prudence Kaoma, Permanent Secretary at the Ministry of Finance and National Planning, reiterated government’s commitment to maintaining a conducive investment environment.
Kaoma said local communities were already benefiting from Chinese investment flows, and that the strengthened partnership between Zambia and China would continue fostering economic transformation and improved livelihoods.
She added that the future of Zambia’s mining sector remained promising, anchored on mutual cooperation and shared benefits.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments