Thursday, November 21African Digital Business Magazine

Tag: investing in Zambia

Zambia’s Lubambe Mine extension project to spur copper output
Zambia News

Zambia’s Lubambe Mine extension project to spur copper output

The recent discovery of high-grade copper ore by Zambia’s Lubambe mine is a significant development that ushers in a new lease of life in the mining industry of Africa’s second-largest copper producer. After the Democratic Republic of the Congo (DRC), Zambia is the next highest producer of the red metal that yields large foreign exchange revenues and boosts the country’s GDP. Other than the government the mining industry provides stable employment to many in the land-locked nation. The 235 million tone swathe unearthed by Lubambe Copper Mine is in part of the formerly Konkola north segment lying in Chililabombwe. The lucrative ore was stumbled on after a comprehensive study. Lubambe Copper Mine runs an underground operation in Chililabombwe on the Copperbelt, near the border with the DRC. ...