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As Copper Production Rises 30%, Zambia Prepares Local Content Regulations

Zambia’s Ministry of Mines plans to announce new regulations by the end of June that will require mining companies to prioritize local suppliers for goods and services.

The government is currently consulting with mining industry stakeholders about these local content rules, which will be part of the recently enacted Geological and Minerals Development Act.

Major copper producers in Zambia include First Quantum Minerals, Barrick Gold, and International Resources Holding.

Zambia’s copper production increased by nearly 30% in the first quarter compared to last year, reaching 224,104 metric tons.

Original Source: Bloomberg

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