10.4 C
Belgrade
Supported byspot_img
spot_img

Zambia allocates $6 million for mining technology hub to boost mineral production

Member of Europium Groupspot_img
Supported byspot_img

Zambia is embarking on a $6 million investment initiative aimed at leveraging technology to enhance mineral production while prioritizing sustainability, productivity, and safety in mining operations.

The cornerstone of this endeavor is the establishment of the Mining Technology (MinTech) hub, currently in the planning stages. This hub is envisioned to serve as a focal point for innovation and collaboration within the mining sector. Additionally, it will offer training and capacity-building programs to promote the adoption of cutting-edge technologies and best practices.

Felix Mutati, the Minister of Science and Technology, emphasized that the development of the MinTech cluster aligns with the government’s strategic objective of fostering value addition, particularly in Zambia’s significant copper mining sector. Speaking at the recently concluded Timbuktoo Retreat Strategy in Cape Town, South Africa, Mutati underscored the country’s ambition to capitalize on its mineral resources by adding value to its mining output.

Supported by

According to Mutati, the government’s vision includes utilizing value addition to support industries such as the production of electronic car batteries, which necessitate advanced technology and research. He further highlighted that the MinTech hub would play a pivotal role in generating mining sector solutions that enhance productivity and maximize Zambia’s mineral resource potential.

Support for the establishment of the MinTech hub will come from the United Nations Development Programme (UNDP), which will provide funding for the initiative. Ahunna Eziakonwa, UNDP Africa Director, emphasized the organization’s commitment to collaborating with partners to facilitate investment in the construction and equipping of the hub. Eziakonwa expressed optimism about the involvement of the private sector, particularly mining industry stakeholders, noting the significant benefits that such collaboration would yield for all parties involved.

Supported byElevatePR Digital

Related News

U.S. Forest Service proposes major stibnite mine expansion, ignites debate on environmental impact

The U.S. Forest Service has issued a draft record of decision authorizing a significant expansion of operations at the Stibnite Gold Mine in Central...

China’s growing control over critical minerals: Implications for global supply chains and geopolitics

China's dominance in critical minerals continues to escalate, significantly impacting global manufacturing, cross-border investments and geopolitical dynamics. As a leading producer of graphite, lithium,...

America’s mineral crisis: The urgent need to address China’s dominance and reform mining policy

For over a decade, Washington has been vocal about the necessity to reduce China's dominance over global mineral supplies. Both Presidents Trump and Biden...

India and UAE partner to secure critical mineral supply chains

India and the UAE solidified their commitment to securing critical mineral supply chains through a newly signed memorandum of understanding (MoU). The agreement was...
Supported by
Supported by
Supported by
error: Content is protected !!