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
• PRASA reports 77 million passengers in 2024/25, nearly twice the previous year• Revenues reach 708 million rand, supported by 21.1 billion rand in...
• Canadian Sintana buys UK-based Challenger Energy in all-share deal worth $61 million• Merger covers offshore assets in Uruguay and Namibia’s PEL...
• Mali’s state-owned SOREM signed an agreement with U.S.-based Flagship Mining to restart production at the Morila gold mine, which holds 2.5 million...
• Gabon signed a memorandum of understanding (MoU) with Italy’s Todini Costruzioni Generali for two hydropower projects in Booué and Tsengué-Lélédi.• The...

Most Read
01

Senegal’s attempt to diversify its fuel supply by turning to Nigerian crude is bumping up against ha...

Senegal Turns on Nigerian Crude to Diversify its Fuel Supply — But Challenges Loom Ahead
02

• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...

UAC of Nigeria Takes Control of CHI Limited, Former Coca-Cola Subsidiary
03

• Nestlé, NGOs urge against delay, propose grace period instead• EU cites technical hurdles, trading...

EU Weighs Delay to 2025 Anti-Deforestation Law Amid Industry Calls to Stay on Track
04

• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...

AfDB, BOAD join forces to expand financing for West Africa projects
05

Financial professionals gathered in Dakar on September 25 for the Structured Finance Africa Forum (S...

Rating Agency Chief: West Africa Securitization Could Hit 20 Deals a Year
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.