Zambia’s President Hichilema to Headline Mining Indaba 2024: Ushering in a New Era for African Mining
Zambia’s President Hakainde Hichilema will deliver a keynote address at Mining Indaba 2024, highlighting his ambitious plans to revitalize the country’s mining sector and position it as a major player in the global industry.
This marks Hichilema’s second appearance at the event since his landslide election in 2021, and it comes amidst a period of remarkable progress for Zambia’s mining industry.
Hichilema’s transformative vision revolves around several key pillars:
- Boosting copper production: Aiming to increase annual output from 800,000 tonnes to 3 million tonnes by 2030, propelling Zambia further up the global ranking.
- Creating a stable and attractive investment climate: Streamlining the mining tax framework, eliminating double taxation, and attracting major players like Barrick and First Quantum Minerals with multi-billion dollar investments.
- Expanding beyond copper: Exploring the potential of critical minerals like cobalt, nickel, and manganese.
- Fostering collaboration: Recognizing the power of partnerships between government, industry stakeholders, and investors to drive innovation and maximize socio-economic benefits.
Momentum Building in Zambia:
Hichilema’s leadership has already yielded tangible results. Barrick’s Lumwana mine, once unprofitable, is now poised to become a world-leading facility after a $2 billion expansion. First Quantum Minerals has brought the Enterprise Nickel Mine online and announced a $1.25 billion expansion to Kanshansi Copper Mine. Newcomers like Kobold Metals and International Resources are also investing heavily.
Beyond Mining:
The positive impact extends beyond the mining sector. The $250 million Lobito Corridor project, supported by the US and EU, will boost intra-regional trade and create jobs within Zambia.
Mining Indaba 2024: Embracing the Power of Positive Disruption:
Hichilema’s keynote address at Mining Indaba 2024, themed “Embracing the power of positive disruption,” will offer valuable insights into Zambia’s success story and provide attendees with a unique opportunity to understand the processes behind this remarkable transformation.
About Investing in African Mining Indaba:
Mining Indaba is the largest mining investment event in Africa, connecting Ministers, government representatives, mining companies, investors, and service providers. It’s the premier platform for deal-making, networking, and driving the African mining industry forward.
Zambia’s re-emergence as a top investment destination demonstrates the power of positive disruption, and Mining Indaba 2024 is ready to showcase the country’s journey and inspire similar success stories across the continent.
For media queries:
R&A Strategic Communications
Katherine Bester                                            Sibongile
Mtafu[email protected]Â Â Â Â Â Â Â Â Â Â [email protected]a
