Mining

Zambia Forecasts 40% Hike in Copper Output by 2027

Zambia Forecasts 40% Hike in Copper Output by 2027
Tuesday, 23 July 2024 14:59

Zambia, Africa's second-largest copper producer after the DRC, is working to increase its copper exports and revenues as new deposits are discovered.

Zambia’s copper production is expected to rise by 40%, reaching one million tonnes by 2027, up from about 700,000 tonnes in 2023. The figures are under the government's Medium Term Budget Plan for 2025-2027.

According to Zambian authorities, this surge will be spurred by resolving issues at major mines, launching production at new deposits, and expanding production at existing mines.

Last year, Zambia's copper production hit a fourteen-year low, mainly due to frequent changes in mining taxes and conflicts between mining companies and the previous government. Copper is crucial for the energy transition, and it makes up about 70% of Zambia's export earnings.

On the same topic
Just how far will the gold and silver rally go before prices cool off? It’s the question at the forefront for analysts, following a year of breakout...
China’s Fuhai Energy buys 40% stake in Equatorial Guinea gas block Fuhai to fund most exploration costs at Barracuda prospect Deal supports...
Activity reported at Heglig oil field amid fragile Sudan-South Sudan deal Teams prepare possible restart, pending security and agreement...
Gas flows restored on Lagos-Escravos line, boosting Nigeria power supply Explosion repairs allow gas-fired plants to gradually resume...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.