Zambia President Announces Major Milestone with Lumwana Mine Super Pit Groundbreaking

LUSAKA, ZAMBIA — President Hakainde Hichilema celebrated a significant development in Zambia’s mining sector with the groundbreaking ceremony of the Lumwana Mine Super Pit on October 2, 2024. This ambitious project, backed by a total investment of $2 billion, is poised to invigorate the country’s copper industry, a crucial pillar of Zambia’s economy.

The Lumwana Mine expansion is set to create over 3,000 construction jobs during the development phase and an estimated 1,500 long-term jobs once the project is operational. This investment is expected to have a ripple effect on local communities and the national economy, further solidifying Zambia’s position as a key player in the global copper market.

The groundbreaking of Lumwana Mine Super Pit is a major milestone for #Zambia. With a total investment of $2bn, this expansion will boost our copper industry, create over 3,000 construction jobs & 1,500 long-term jobs. Thanks to @BarrickGold for the commitment to this project. pic.twitter.com/ZCy6nojIe5

— Hakainde Hichilema (@HHichilema) October 2, 2024

In a message on social media, President Hichilema expressed gratitude to Barrick Gold, the company behind the project, for its commitment to fostering growth and development in Zambia. He emphasized the importance of such investments in enhancing the country’s economic landscape, creating job opportunities, and improving livelihoods for Zambians.

“This project is not just about copper; it’s about the future of our people and our economy. With Barrick Gold’s partnership, we are poised to achieve remarkable growth,” Hichilema stated.

The expansion of the Lumwana Mine is part of the government’s broader strategy to attract foreign investment and promote sustainable economic growth in the mining sector. With Zambia being one of the world’s largest copper producers, initiatives like the Lumwana Mine Super Pit are essential to harnessing the country’s mineral wealth effectively.

As the project moves forward, stakeholders anticipate positive impacts not only on job creation but also on the development of infrastructure and services in the region, paving the way for a brighter economic future for Zambia.

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