Zambia eyes 3mn tonnes of copper exports by 2032
Zambia has upped the ante at this year’s Mining Indaba Africa’s largest mining event underway in South Africa’s with the country looking to grow copper and cobalt exports. CNBC Africa’s Fifi Pters spoke to Kakenenwa Muyangwa, Chair, ZCCM Investment Holdings.
Thu, 08 Feb 2024 10:20:57 GMT
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AI Generated Summary
- Zambia's commitment to boosting copper and cobalt exports for economic growth
- Emphasis on sustainable and ethical mining practices for positive impact on communities
- Focus on technology and innovation to enhance productivity in the mining sector
Zambia is taking significant steps to boost its copper and cobalt exports at this year's Mining Indaba, Africa's largest mining event currently taking place in South Africa. During an interview at the event, Kakenenwa Muyangwa, Chair of ZCCM Investment Holdings, discussed Zambia's strategy to grow its copper production and increase exports. The country is aiming to export 3 million tonnes of copper by 2032. Zambia has emphasized the importance of sustainable mining practices that benefit both the economy and the local communities.
One of the key points highlighted during the interview was Zambia's commitment to increasing copper and cobalt exports. Muyangwa emphasized the significant potential for growth in these sectors, which play a crucial role in Zambia's economy. The country, known for its rich mineral resources, is focusing on leveraging these resources to drive economic development and create opportunities for its citizens.
Another key theme of the discussion was the importance of responsible and ethical mining practices. Muyangwa reiterated Zambia's commitment to sustainable mining, emphasizing the need to balance economic growth with environmental and social responsibility. By prioritizing sustainable practices, Zambia aims to ensure that mining activities have a positive impact on local communities and the environment.
Furthermore, the interview touched upon the role of technology and innovation in driving growth in the mining sector. Muyangwa highlighted the importance of adopting modern technologies to enhance productivity and efficiency in mining operations. By embracing innovation, Zambia seeks to improve the competitiveness of its mining industry on a global scale.
In conclusion, Zambia's participation in the Mining Indaba highlights its determination to strengthen its position as a leading exporter of copper and cobalt. The country's focus on sustainable practices, technological innovation, and economic growth underscores its commitment to achieving long-term success in the mining sector.
