AGP Executive Report
Last update: 8 hours agoFertiliser Investment: President Hakainde Hichilema has launched a US$1.6 billion expansion of United Capital Fertilizer’s Chilanga plant. The project is expected to lift direct jobs from 7,400 to 10,000, reduce reliance on imports and support fertiliser exports. Mining and Local Industry: At the Mining Insaka, Hichilema urged mining firms to prioritise Zambian workers and suppliers and warned against hoarding licences. Copper rods are already being exported from Chibombo, while locally made cables and wires supply mining and construction firms. Mopani Deal: Zambia’s state mining investor ZCCM-IH and Abu Dhabi’s IRH have resolved a financing dispute, reaffirming plans to develop Mopani Copper Mines and increase output. Value Addition: ZAFFICO plans to invest US$41 million in processing, while Zambia is preparing to settle some copper sales in Chinese yuan from next year. Public Revenue: An audit found K626 million in mining penalties had gone uncollected, raising pressure for stronger revenue enforcement.
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