26 December 2012

Zambia: Govt to Establish Copper Park

THE GOVERNMENT is to establish an industrial Copper Park in Central Province that will make it possible for manufacturing companies to access raw material for the purpose of value addition.

Commerce, Trade and Industry Minister Robert Sichinga disclosed in an interview that the Government through the Zambia Development Agency (ZDA) would establish a Copper Park in Kabwe to facilitate for value addition.

inistry was working with some of the mining companies and the ZDA to promote the establishment of the Copper Park.

The setting up of a Copper Park in Kabwe is meant to support companies such ZALCO for example, that are into value added production to access copper concentrates at the copper park without difficulties.

"We are working with some of the mining companies and ZDA to promote the establishment of the Copper Park and we have agreed it will be located in Kabwe," Mr Sichinga said.

He said currently, the Government was working on the modalities of how the Copper Park would operate and as such, a committee had been instituted to help with the establishment of such a facility.

"Now, we are working on the modalities, we have set up a committee that is going to help us with this particular process to ensure that all the ingredients are put in place and again that will be a copper value chain," he said.

The minister said Government was conducting investment and promotion in the areas of metal fabrication and wood processing to ensure that the country increases the Gross Domestic Product (GDP) not in just one area but throughout other sectors.

He said it was important to note that Zambia was a major producer of copper and that, Government wants to export finished copper goods rather than import finished copper products.

"In this country, we want to ensure that we promote the manufacturing of finished goods instead of Zambia having to import finished copper goods actually, we want them to export finished copper goods," Mr Sichinga said.

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