- Temporary halt in operations comes amid oversupply and market instability
- Industry leaders warn of macroeconomic impact on Zambia’s recovery efforts
Lusaka, Zambia – Kagem Mining Limited, the world’s largest emerald mine and a cornerstone of Zambia’s economy, has hit pause on its operations. The temporary suspension, effective 1 January 2025, comes as the emerald market reels from an oversupply crisis and destabilised trading conditions, casting a shadow over Zambia’s economic recovery efforts amid mounting debt and the lingering effects of climate change.
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