More than 45 Chinese-owned companies have invested over $5.1 billion in Zambia’s mining industry, reinforcing the sector’s role as a key driver of the country’s economy.
Speaking in Lusaka, Economic and Commercial Counsellor at the Chinese Embassy, Jin Jun, said the companies have created around 19 000 jobs for local workers. He added that China remains Zambia’s largest export market for refined copper, accounting for more than 15 percent of total production.
Jin also revealed that dewatering works at the 28 Shaft of the Luanshya Copper Mine have been completed, with production expected to begin in September this year.
Meanwhile, Finance Minister Situmbeko Musokotwane reaffirmed the government’s commitment to maintaining a stable, transparent, and predictable business environment to support private sector growth.
–ChannelAfrica–
