Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Mining

Zambia Forecasts 40% Hike in Copper Output by 2027

Tuesday, 23 July 2024 14:59
Zambia Forecasts 40% Hike in Copper Output by 2027

(Ecofin Agency) - 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.





 
Finance


 
Telecom


 
Public Management



ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.