https://newsletter.en.creamermedia.com
Africa|Copper|generation|Gold|Power|Resources|Power Generation|Power-generation
Africa|Copper|generation|Gold|Power|Resources|Power Generation|Power-generation
africa|copper|generation|gold|power|resources|power-generation|power-generation-industry-term

Zambia copper output up 12% last year as key mines recover

A copper mine in Zambia

Photo by Bloomberg

22nd January 2025

By: Reuters

  

Font size: - +

Zambia's copper output rose 12% in 2024, buoyed by a recovery in production at key mines as the government counts on the sector to drive economic growth.

Output reached roughly 820 670 metric tons, up from 732 580 tons the year before, Mines Minister Paul Kabuswe said on Wednesday.

Barrick Gold's Lumwana mine ramped up output and Vedanta Resources' Konkola Copper Mines (KCM) resumed activities.

Output also picked up at Mopani Copper Mines, which was recently bought by United Arab Emirates firm, International Resources Holding.

Kabuswe said production rose despite electricity shortages after a devastating drought that hit hydroelectric power generation.

Zambia is Africa's second-largest copper producer after Democratic Republic of Congo, and the government is trying to lift annual copper output to 3 million tons within about a decade.

Vedanta, backed by Indian billionaire Anil Agarwal, has said it plans to invest about $1.3-billion to revive production at KCM, which nearly collapsed after an ownership battle with Zambian authorities.

Canadian miners Barrick and First Quantum Minerals are also boosting output at their mines in Zambia while KoBold Metals, backed by US investors, has said it plans a $2-billion copper mine in the southern African country.

Edited by Reuters

Comments

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine Cover Image
Magazine round up | 11 April 2025
11th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.188 0.272s - 170pq - 2rq
Subscribe Now