- Government aims to attract $30 billion in investments to boost copper output
- Local content legislation proposed to ensure benefits spread across the economy
Lusaka, Zambia – Zambian President Hakainde Hichilema has announced plans to attract major global mining investors as the country aims to reach 3 million tonnes of annual copper production by 2031. The Central African nation, currently the continent’s second-largest copper producer, has seen its copper output fall from around 850,000 tonnes to below 700,000 tonnes. However, the government remains optimistic that increased investments will reverse the decline.
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