By Mercy Mwepa
Copperbelt Energy Corporation (CEC) says Zambia requires increased investment in power generation to support the target of producing three million metric tonnes of copper by 2030.
CEC Chief Executive Officer Owen Silavwe explained that about 12 billion United States dollars is needed to boost electricity supply to the mining sector. He made the remarks during the Zambia Showcase presentation at the ongoing Mining Indaba in South Africa, urging investors to seize opportunities in the country’s energy supply-demand gap.
First Quantum Mine Country Director Anthony Mukutuma emphasized that exploration is key to achieving the 3 million metric tonnes copper target. He also called for investment in human capital development and innovation to meet changing industry dynamics.
Meanwhile, XCalibur has completed about 60 percent of its geomapping exercise across Zambia. Director of Business Development for Africa and the Middle East, Ben Young, said the data is expected to be released before the end of the year.
Mines Minister Paul Kabuswe reaffirmed that Zambia is ready for both brownfield and greenfield investments, adding that government is positioning mining to anchor the growth of other sectors.
