Tertiary Minerals is currently focused on advancing five copper exploration projects in Zambia and has defined a series of high-grade copper-in-soil anomalies. Zambia is the world’s eighth largest producer of copper, accounting for around 4% of global production.
Following the election of Hakainde Hichilema in 2021, Zambia has turned around its mining industry as the government aims to increase copper production from 800,000 tonnes a year to 3 million tonnes by 2032. Alongside this, the Zambian Government is planning the construction of a $15 billion smelter that is expected to be the largest copper smelter in Africa.
The UK Government recently signed a UK clean energy partnership with Zambia which sets out new ambitious targets set for green investment include up to £2.5 billion of UK private sector funding and up to £500 million in UK government-backed investments to support the Zambian mining industry.
Zambia is currently experiencing a revival and expansion of its copper industry with almost US$10 billion being invested into copper mines and development projects.
This tour will take you through some of the major planned and ongoing investments announced by major companies operating in Zambia.
