Travelling through the mining capital of Zambia, award-winning journalist Nikiwe Bikitsha stops by the office of the Mining Minister of Zambia to discuss the state of the Africa’s largest producer of copper and cobalt.
Famous for its copper exports around the world since the 1900s, Zambia dug itself out of bad patch when it decided to privatise the mining sector in 2000. Since the restructure, the mining industry has boasted with a high of 780,000 tonnes of copper – a rise attributed to the government’s investment in the rehabilitation of infrastructure and technological innovations in the mines. Today, with 60% of the country mapped with modern technology, 40% of the industry is currently open to private foreign investment.
Since 2001, it has been under private hands and we’ve been performing well – we’ve seen the growth in production.— Christopher Yaluma, Zambian Minister of Mines and Mineral Development
Whilst there are the obvious challenges such as unpredictable geology, price swings on world markets and long-lead times to profitability – the government’s stability is a clear indicator as to why investors are flocking to their shores.
Zambia today is the most wanted mining country to go and invest in.— Christopher Yaluma, Zambian Minister of Mines and Mineral Development
He goes on to say, “the investment trickling into your country is very competitive – we’ve got to ensure that we fight for that – to do that, we must relook at our policies and make sure that our policies are sound.”
Click here to access the Africa Connected portal or click below to watch Nikiwe's full chat with Mr Yaluma...
For additional perspective on mining, Nikiwe also chatted to Chamber of Mines economist Shula Jalasi-Shula...