Nigeria and Zambia Strengthen Mining Ties with New Lithium and Copper Initiatives

Nigeria's Solid Minerals Development Minister, Dr. Oladele Alake, reported the discovery of lithium deposits in commercial quantities during a meeting with Qatari businessmen in Doha. He emphasized that this recognition by the global mining sector could enhance investment opportunities, supported by favorable government policies.

Meanwhile, in Zambia, the acquisition of Mopani Copper Mine by International Resources Holding marks a significant investment, with expectations of creating over 3,000 jobs and advancing macroeconomic stability. ZCCM-IH retains a 49% stake in Mopani, while IRH holds 51%. Both countries are positioning themselves to attract foreign investment in their mining sectors, which is crucial for economic diversification.