Zambia's Copper Production Expected to Rise 12% in 2024 Despite Drought Challenges

Published: Jan 23, 2025 15:48

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According to SMM, Zambia's copper production in 2024 is expected to increase by 12%, driven by a recovery in output from major mines, as the government relies on the sector to boost economic growth. Zambia's Minister of Mines, Paul Kabuswe, stated that production would reach approximately 820,670 mt, up from 732,580 mt in the previous year. The Lumwana mine, owned by Barrick Gold, increased its production, while Konkola Copper Mines (KCM), owned by Vedanta Resources, resumed operations. The Mopani Copper Mines, recently acquired by UAE-based International Resources Holdings, also saw a rebound in production. Kabuswe noted that despite catastrophic droughts affecting hydropower generation and causing power shortages, production still increased.

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