FQM HIGHLIGHTS ‘MAGNETIC’ QUALITY OF MINING FOR LOCAL BUSINESS
SOLWEZI, ZAMBIA – After a decade of stagnation, Zambia’s mining sector is witnessing revived growth that is spurring renewed interest from local and international investors and creating new business opportunities for Zambians.
This is all thanks to the government’s revived efforts to return mining to its pivotal position in the economy by creating an enabling investment environment, according to industry stalwart Dr Godwin Beene, who is FQM Government Affairs Specialist, and President of the Zambia Chamber of Mines.
Speaking at the ongoing Zambia International Mining and Energy Conference (ZIMEC) in Kitwe, Dr Beene urged investors to take advantage of this resurgence in activity by properly exploring and understanding Zambia’s thriving mining landscape.
“President Hakainde Hichilema has a clear vision of our mining industry, and he is providing leadership to restore mining to its central position as a flywheel of the Zambian economy,” he told delegates.
“The task set out for copper production in Zambia is enormous, and barring detractors of war, economic meltdown and global pandemics, the resolute recovery plan and growth stimulating policies…is a good starting point to restoring international investment confidence that is quite apparent now,” he noted.
For a long time, the Copperbelt has been the hub of mining and mining-related manufacturing activities in the country. However, new opportunities for local and international investment are the Multi-Facility Economic Zones in Lusaka, Copperbelt and soon Kalumbila in North-Western Province. These industrial areas are designated to serve as centres where different players will be attracted to invest to continue supporting the mining sector in exploration, production and logistics, he added.
Dr Beene further invited delegates with business interests outside the mining sector to carry on partnering with the industry through the provision of services and technologies that help mines run more efficiently.
“The mining industry is magnetic in the sense that it attracts to itself business opportunities in energy, infrastructure, IT, and skills development,” he said.
This 10th edition of ZIMEC is scheduled to run from November 1-3, 2022, under the theme: The synergy between mining and energy: Developing sufficient sustainable energy to satisfy Zambia’s mineral production goals. Hundreds of delegates and exhibitors are expected to attend this industry-leading event to discuss current mining and energy sector developments, innovations and investment opportunities.
First Quantum Minerals Ltd
First Quantum Minerals Ltd is a global metals and mining company producing mainly copper, gold and zinc. The company’s assets are in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.
In 2021, First Quantum globally produced 816,435 tonnes of copper, 312,492 ounces of gold and 16,818 tonnes of nickel.
In Zambia it operates the Kansanshi mine and smelter in Solwezi and the Sentinel mine in Kalumbila.
The company is listed on the Toronto Stock Exchange.
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