China has officially launched the Chinese Mining Enterprise Association in Zambia (CMEAZ), a major initiative aimed at investing $5 billion into Zambia’s mining sector by 2031.
At the launch event in Lusaka, Mines and Minerals Development Minister Paul Kabuswe expressed his optimism that the association will play a crucial role in helping Zambia meet its ambitious goal of producing three million tonnes of copper annually. Kabuswe, represented by Director of Planning and Communication Tobias Musonda, emphasized that the association would serve as a key platform for Chinese mining companies to enhance collaboration with the Zambian government.
Chinese Ambassador to Zambia, Han Jing, highlighted that Chinese firms have already invested over $3.5 billion in Zambia’s mining industry over the past 25 years, further strengthening the bilateral economic ties between the two nations.
