Africa Connected

This is not a drill, Zambian mining is set for growth (again)

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...


Recommended

by NEWSROOM AI
Read More
Even Beira situated in the North, has THREE modes of public transport!

Even Beira situated in the North, has THREE modes of public transport!

Lee Kasumba shares on her experience of getting around in Mozambique's fourth largest city

Ethiopia get ready... Lee Kasumba will be landing there soon

Ethiopia get ready... Lee Kasumba will be landing there soon

702's Lee Kasumba heads to East Africa to find out about business innovations on #AfricaConnected.

Mauritius is fast becoming Africa’s textile hub

Mauritius is fast becoming Africa’s textile hub

The textile industry has helped transform the Mauritian economy - constantly evolving to meet the world's needs.

The University of the future has African roots

The University of the future has African roots

With a fresh approach to new age tertiary education, the doors of learning are wide open at African Leadership University.

Profiting from Paradise? Here’s why Mauritius comes out tops

Profiting from Paradise? Here’s why Mauritius comes out tops

Mauritius has built a good reputation for moving efficient in terms of innovation and implementation.

Buckle up, young entrepreneurs are doing it for themselves

Buckle up, young entrepreneurs are doing it for themselves

Just a few years ago, Karrim Abbasakoor took the leap and left corporate Mauritius to venture into entrepreneurship.

Popular articles
Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Reporter Karyn Maughan shares latest in Jacob Zuma's high court bid to have corruption charges against him permanently dropped.

Best way to invest the jackpot if you win the lotto

Best way to invest the jackpot if you win the lotto

More than 70% of lotto winners go broke, warns Warren Ingram, a personal financial advisor at Galileo Capital.

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Survey reveals SA teachers 'emotionally overwhelmed'

Survey reveals SA teachers 'emotionally overwhelmed'

A report has revealed that many teachers feel overwhelmed and often feel they must step into the role of a 'proxy parent'.