china.org.cn
Chinese Mining Association Launched in Zambia
Chinese mining companies in Zambia launch an association to boost cooperation and investment, aiming to increase copper production and strengthen bilateral ties.
English
China
ChinaEnergy SecurityInvestmentCooperationMiningZambia
Chinese Mining Enterprises Association In Zambia (Cmeaz)Chinese Embassy In Zambia
Han JingLi ZhanyanPaul KabusweTobias Musonda
- What is the extent of Chinese investment in Zambia's mining sector?
- Chinese investment in Zambia's mining sector exceeds \$3.5 billion, with over 20 Chinese-funded mining enterprises operating in the country. This collaboration has been ongoing since 1998.
- What is the main purpose of the newly established association in Zambia?
- The Chinese Mining Enterprises Association in Zambia (CMEAZ) was officially launched on November 12th, 2023, aiming to enhance Chinese companies' contributions to Zambia's mining sector.
- What are the future investment plans of Chinese mining companies in Zambia?
- CMEAZ plans to invest \$5 billion in the next five years to help Zambia reach its goal of three million tons of copper production by 2031. This investment is expected to further boost the Zambian economy and create more jobs.
- What are some of the key contributions of Chinese mining companies in Zambia?
- CMEAZ's member companies paid over \$260 million in taxes in 2023 and employ more than 15,000 Zambians. They also provide annual skills training to around 1,000 local workers.
- What is the Zambian government's perspective on the establishment of this association?
- The Zambian government views the formation of CMEAZ as a significant step in strengthening bilateral relations with China and advancing the Zambian mining industry's growth and development.