Zambian President Hakainde Hichilema has announced the discovery of new copper deposits in the Mumbwa District of Central Province.
The reserves are located near the Kitumba Mine, a project valued at approximately $600 million, signaling potential expansion opportunities for the country's mining sector.
The announcement underscores the government's focus on revitalizing the extractive industry.
While specific reserve volumes and production timelines were not detailed in the initial report, the identification of significant mineral deposits near an existing major asset suggests a positive trajectory for regional output.
This development adds to a broader trend of renewed exploration activity across Southern Africa.
In a parallel move, Zimbabwe’s state-owned Mutapa Gold Resources recently identified vast unexplored areas within its concessions, highlighting a continent-wide push to unlock new resource potential.