Zambia Targets Tripling Copper Production to 3 Million Tonnes by 2031
Zambia’s copper production currently stands at 800,000 metric tonnes per year, but the government is setting its sights on a significant increase, aiming to boost output to 3 million tonnes by 2031. This ambitious target was highlighted by Mines Ministry Permanent Secretary Hapenga Kabeta during the launch of PwC Zambia's Mining Sector Review Report. Kabeta emphasized that Zambia, while being the third-largest copper producer, lags far behind the top two global producers and must ramp up production to remain competitive.
The increase in copper output is seen as a vital driver for Zambia’s economic growth, job creation, and revenue generation. However, Kabeta noted that the mining sector faces significant challenges, particularly regarding energy supply and infrastructure. He stressed that without reliable energy, mining operations would struggle to expand.
Kabeta also discussed the government's plan to formalize artisanal small-scale mining, aiming to boost its contribution to the economy. Initiatives include creating cooperatives, providing technical training, and setting up market centers to ensure the sector aligns with environmental and social governance (ESG) standards. Additionally, the government is pushing to increase gold’s contribution to GDP in the coming year.
PwC’s Zambia Mining Sector Review Report highlighted that the mining sector’s contribution to Zambia’s GDP has fallen to 13.47%, down from 19% in 2021. PwC’s Country Senior Partner, Andrew Chibuye, pointed out the sector’s struggles, including rising living costs, volatile exchange rates, and underinvestment in key areas, which have hindered growth.
