'Zambia’s Critical Minerals Strategy' 29 August 2024

Zambia is launching a new strategy to harness its critical mineral resources, which are crucial for the global energy transition. Paul Kabuswe, Minister of Mines and Mineral Development, announced that high-resolution geophysical mapping will be employed to precisely assess the country’s mineral deposits, providing vital data for strategic planning. The strategy aims to balance geopolitical interests with local impacts, ensuring that the benefits of mineral exploitation reach underserved communities. This approach is designed to strengthen Zambia’s negotiating position in international discussions on mineral resources.

…The strategy emphasizes the importance of obtaining a social license to operate, stressing that community acceptance is crucial for successful mining operations. It also calls for accessible financing and affordable technology to support sustainable economic growth. While Zambia is open to global partnerships, the government seeks mutually beneficial agreements, aiming for win-win outcomes rather than mere resource extraction. Kabuswe underscored the need to learn from past mistakes and negotiate from a position of strength to secure equitable partnerships. The new strategy represents a significant step in Zambia’s mineral resource management, focusing on balanced development, community engagement, and strategic global partnerships to fully leverage the country’s mineral wealth. Southern Africa Resource Watch (SARW) called for a strategic overhaul in mineral resource management, emphasizing regional cooperation and community involvement to ensure fair benefits and effective governance.

…Kabemba also emphasized the importance of education to equip young people with skills for various sectors, including mining. He called for ongoing improvements in governance practices and urged the government to adopt a fresh approach to harness economic restructuring opportunities presented by new energy sources. Kabemba highlighted the need to close the gap between policy and action, especially in resource ownership and management, and to address corruption while negotiating better terms with international partners. Involving communities and stakeholders in decision-making processes is essential for achieving effective governance and equitable growth in Southern Africa.