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
How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

Is the ANCYL still relevant and who is likely to take over the leadership reins?

Is the ANCYL still relevant and who is likely to take over the leadership reins?

Former ANCYL spokesperson and eNCA political reporter Samkele Maseko discuss who is up for the new ANCYL leadership.

'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

[WATCH] Sars boss confusing, evasive testimony at Nugent Commission

[WATCH] Sars boss confusing, evasive testimony at Nugent Commission

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.