"Zambia indeed deterred many investors due to multiple policy shifts in the mining tax regime that showed no consistency. However, since 2021 and with a new government in place, we have seen more stability as well as investor-friendly policies."
SENIOR VICE PRESIDENT PROJECT DEVELOPMENT, MINERALS & METALS, WOOD
"We have a strong track record of doing business in Zambia, Tanzania, Botswana and Namibia. However, localization requirements present challenges for foreign companies looking to undertake projects."
MINISTER OF MINES AND MINERALS DEVELOPMENT, GOVERNMENT OF THE REPUBLIC OF ZAMBIA
"Zambia is ready for business, and as part of our goal to reach 3 million t/y of copper production, there have been some important announcements recently."
"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."
"Our successful exploration programs are feeding high-quality prospects into an already bulging pipeline and we expect to grow our reserves net of depletion again this year."
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.