Zambia says needs to reduce reliance on copper

Mining Weekly reports Zambia is keen to diversify its mining sector and wants more exploration in iron-ore, manganese, coal and uranium, Vice-President George Kunda said on Wednesday.

Speaking at a mining conference in Lusaka, Kunda said that the Zambian economy was too dependent on copper. Zambia aims to be the third-largest uranium producer in Africa in the near future, Kunda said, adding that this would depend on exploration and investment.

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Mining Weekly reports Kunda said:

“Although government is pleased with the growth of the mining industry, if the copper price falls, the industry will once again find itself in a mire which could be difficult to get out of.”