Economy

Sweden promises to help Zambia achieve mining development milestones

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The Swedish government says it is ready to help Zambia achieve its mining development milestones through technology advancement and sustainable mining.

Swedish Ambassador to Zambia, Johan Hallenborg, made the remarks during the Swedish-Zambia forum on Sustainable Mining in Kitwe on Wednesday.

Hallenborg revealed that Sweden was willing to share technology and experience in sustainable mining as the country looked to boost copper production from the current low of under 800,000 tonnes to three million in eight years.

“The holding of this forum is testimony to the relations Zambia and Sweden has enjoyed since the independence of Zambia,” the Swedish envoy stated.

He told delegates that Sweden was in position to share more experiences in sustainable mining as the country targets historical higher copper production having a rich history of mining sustainably.

Read more: ZIMEC: Mining players suggest use of artificial intelligence (AI) to boost mineral explorations

Meanwhile, Copperbelt Minister, Elisha Matambo, claimed that “Zambia is the most risk-free mining investment destinations in the world because of the peace it has been enjoying since independence.”

Matambo was upbeat that the extensive geological mapping and exploration the government would embark on in the 2024 fiscal year would boost the country’s mining prospects.

He reminded stakeholders and the investor community that as the government emphasised production ramp up, it ensured the promotion of environmental and social governance through sound environmental management.

Matambo urged the investor community to take advantage of the prevailing conducive mining policy environment to consider increasing investments in the Zambian mining sector.

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