UAE's IREH Looks at Zambia Mining Opportunities

International Resources Holdings, an Emirati company, and ZCCM Investment Holdings, owned by Zambia, are exploring new opportunities in mineral exploration and expanding their mining operations. This cooperation aims to strengthen the UAE’s presence in the African mineral sector, especially following the Emirati company's investment in Mowany Copper Mines, as Zambia seeks to increase its annual copper production from 66,369 tons in 2025 to 3 million tons by 2031. The expansion intends to boost copper output, which remains vital for the energy and electricity sectors, through the development and enhanced efficiency of mines. These plans are dependent on securing financing and global market stability. Currently, the plans are still under research and evaluation, with no specific timetable or investment size determined.

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