MINING IS A KEY ENABLER FOR ECONOMIC DIVERSIFICATION

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Posted by admin on February 11, 2026 at 1:36 AM

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First Quantum Minerals (FQM) says Zambia must leverage mining as a key enabler for economic diversification, aligning with this year’s theme “stronger together: progress through partnerships.”

FQM Country Director Anthony Mukutuma emphasized that while mining growth is essential, retaining value in-country and diversifying into other sectors will underpin sustainable development.

 “The growth of the mining industry and a focus on retaining value in-country will be key in ensuring mining becomes an enabler of a diversified economy. Diversification is what will underpin sustainable growth.” He noted.

Mr Mukutuma echoed President Hakainde Hichilema’s keynote address, stressing the importance of partnerships between government, investors, communities, and local businesses.

He highlighted Zambia’s progress in regulatory stability, infrastructure development, and responsible investment frameworks.

Mr Mukutuma underscored its commitment to Local content development, Environmental stewardship and Skills and innovation.

The company pointed to ongoing investments in energy resilience, transport corridors, and innovation as examples of partnership-led development.

With increased exploration, expanded production capacity, and stronger collaboration, FQM said Zambia is entering a new phase of opportunity.

 “The irony is this: Zambia must grow its mining industry to lower its dependency on mining. The focus on growing all the other sectors of the economy must remain front and centre while we head towards the 3 million tonnes per year goal.” Mukutuma concluded.