https://en.sputniknews.africa/20240723/zambia-aims-for-copper-boom-40-production-increase-by-2027-1067610372.html
Zambia Aims for Copper Boom: 40% Production Increase by 2027
Zambia Aims for Copper Boom: 40% Production Increase by 2027
Sputnik Africa
Copper is a crucial commodity for the global energy transition and accounts for a substantial 70% of Zambia's export earnings. 23.07.2024, Sputnik Africa
2024-07-23T17:57+0200
2024-07-23T17:57+0200
2024-07-23T18:13+0200
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Zambia, Africa's second-largest copper producer, is poised for a significant surge in copper production and revenue.The southern African country aims to increase its copper output by 40%, reaching one million tonnes by 2027, up from 700,000 tonnes in 2023.This ambitious target is outlined in Zambia's Medium-Term Budget Plan for 2025-2027 and will be achieved through a multi-pronged strategy.This includes addressing issues at major mines, initiating production at newly discovered deposits, and expanding production at existing mines.The country's copper production hit a fourteen-year low in 2022, largely due to fluctuating mining taxes and conflicts with the previous government.
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zambia, southern africa, mining, minerals, economy, economic growth
zambia, southern africa, mining, minerals, economy, economic growth
Zambia Aims for Copper Boom: 40% Production Increase by 2027
17:57 23.07.2024 (Updated: 18:13 23.07.2024) Muhammad Nooh Osman
Writer/Editor
Copper is a crucial commodity for the global energy transition and accounts for a substantial 70% of Zambia's export earnings.
Zambia, Africa's second-largest copper producer, is poised for a significant surge in copper production and revenue.
The southern African country aims to increase its copper output by 40%, reaching one million tonnes by 2027, up from
700,000 tonnes in 2023.
This ambitious target is outlined in Zambia's Medium-Term Budget Plan for 2025-2027 and will be achieved through a multi-pronged strategy.
This includes addressing issues at major mines, initiating production at newly discovered deposits, and expanding production at existing mines.
The country's copper production hit a fourteen-year low in 2022, largely due to fluctuating mining taxes and conflicts with the previous government.
