In what has been regarded a major boost for Zambia’s mining ambitions, President Hakainde Hichilema welcomed the Anglo American Corporation’s delegation led by its CEO Duncan Wanblad, marking its potential return to Zambia after nearly two decades.
This is viewed as a very encouraging sign, especially at a time when the Southern African nation seeks a huge increase in copper production, an ambitious target of 3 million tons annually.
President Hichilema acknowledged how important respectable international companies are to Zambia’s mining objectives. He reaffirmed the government’s resolve to promote an investment environment that strikes a balance between expansion and regional economic advantages. “Our government remains committed to creating an investment environment in the mining sector that will benefit our people and grow the economy,” he stated.
The administration is particularly focused on establishing a stable policy and legal framework that encourages long-term investment.
In collaboration with the Chamber of Mines, the government seeks to establish policies that not only draw in foreign investors but also ensure that the gains benefit Zambians directly. Anglo American’s renewed interest aligns with Zambia’s vision of transforming its natural resources into sustainable economic development.
Zambia’s push for partnerships with mining leaders signals a strategic path toward becoming a global copper powerhouse. Could this collaboration with Anglo American be the beginning of a new era for Zambia’s mining industry?