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2 clusters · 5 sources · 7 days · First seen 8 days ago · Last updated 2 days ago

Zambia mineral sector development and diversification

Overview

Zambia has initiated efforts to increase domestic value addition within its mining sector. The country launched its first gold refinery, operated by Minera Refineries Zambia Limited, which is capable of producing gold at 99.99% purity. This move is intended to formalize artisanal mining and address discrepancies between official production figures and international trade data.

To further its industrialization and economic diversification goals, the Zambia Development Agency has engaged with Swiss business delegations. These discussions focus on securing investment for copper trading, energy, and logistics. Zambia aims to reach an annual copper production of three million tonnes by 2031, seeking Swiss expertise to enhance its participation in global commodity trading and downstream processing.

Entities

Zambia · Glencore · Trafigura · Zambia Development Agency · Albert Halwampa

Timeline

2 days ago

[BUSINESS] 2 sources
Zambia seeks Swiss investment to expand copper trading and mineral processing
Zambia is courting Swiss investors to boost copper trading, mineral value addition, and industrial growth as part of an ambitious plan to produce three million tonnes of copper annually by 2031.
8 days ago

[BUSINESS] 4 sources
Zambia launches first gold refinery to boost mineral sector
Zambia has launched its first gold refinery to process gold up to 99.99% purity, aiming to formalize the mining sector and retain more mineral wealth within the country.

Sources

africa.businessinsider.com · copperbeltkatangamining.com · horonyafinance.com · solwezitoday.com · zambianobserver.com