Mining company Anglo American is progressing with early-stage exploration in Zambia’s Northwestern Province to identify potential copper and cobalt reserves.
Announced by Anglo American CEO Duncan Wanblad in Cape Town this week, the move comes as the company aims to build a more resilient mining industry in southern African.
“Zambia’s mining sector appears to be on track for renewed activity – and that is good for Zambia, and African mining,” Wanblad stated, adding, “Despite being early stage, we believe in delivering a positive impact without delay.”
In addition to its mining activities in Zambia, it was also announced that Anglo American is set to launch 520 MW of clean energy through on-site and off-site solar and wind projects in South Africa. The project is being developed through a joint venture – Envusa – between Anglo American and independent power producer EDF Renewables.
Meanwhile, a series of Mineral Investment Contracts between Anglo American and the Angolan government in 2022 are poised to create a more favorable investment environment in the country. The contracts were signed for license areas in Angola’s northwestern region.
“With prospects for investment and growth in Angola and Zambia, we understand that only through effective partnerships with host nations can we offer real and sustainable economic and social benefits for Africa and her people,” said Wanblad.
