Zambia Halfway Through National Geophysical Survey as Copper Ambitions Accelerate

Zambia has completed 55% of a nationwide high-resolution geophysical survey designed to map the country's mineral potential, supporting its target of raising copper production to 3.1 million tons per annum by 2031.

Speaking at a conference in Cape Town, President Hakainde Hichilema said results from the government-funded survey, the first of its kind in 50 years, are expected by year-end. "This will enable businesses to make informed investment decisions while significantly de-risking our geological data," he said.

The survey forms part of a broader strategy to accelerate mining investment, underpinned by macroeconomic reforms delivered through a 38-month IMF program. Zambia successfully completed eight IMF reviews in December, improving its ability to secure funding. The forthcoming Minerals Commission is expected to further streamline approvals and reduce permitting timelines.

Zambia is on track to produce one million tons of copper this year, following output increases of 12% in 2024 and 8% in 2025. Growth has been driven by major expansion projects from First Quantum Minerals and Barrick Gold, alongside the recapitalisation of Mopani Copper Mines and the revival of Kalengwa Mine after 47 years of dormancy.

Hichilema also outlined a local content strategy to ensure mining growth delivers returns for communities and Zambian businesses. "The era of mining houses operating solely for profits is over," he said. "This is now an era of partnerships."