President Hichilema Launches US$1.25 Billion Kansanshi Mine Expansion

President Hakainde Hichilema has officially launched the Kansanshi Mine S3 expansion project, a US$1.25 billion investment by First Quantum Minerals (FQM) aimed at extending the life of Zambia’s largest copper mine by 25 years and increasing annual copper production to 240,000 tonnes by 2029.

Speaking at the commissioning ceremony, President Hichilema said the investment reflects renewed confidence in Zambia’s economic management and governance reforms. He stated that no investor would commit such a substantial amount without trust in the country’s operating environment.

The S3 expansion is expected to secure over 15,000 jobs 7,100 direct employees, and 7,800 contractors, and generate new employment opportunities across the mining value chain. The project also aims to boost local business participation and infrastructure development in Solwezi District.

Minister of Mines and Minerals Development Paul Kabuswe said the investment was made possible by the stable and predictable policy environment under the New Dawn administration. He dismissed earlier scepticism surrounding the project and emphasized that mining benefits extend beyond taxation.

“FQM is the largest taxpayer in Zambia, but the sector also contributes through job creation and corporate social responsibility,” Kabuswe said.

FQM Chief Executive Officer Tristan Pascall said the expansion marks a new phase in the company’s 30-year partnership with Zambia. He pledged continued adherence to environmental standards and a deepened commitment to community development.

“This project will secure existing jobs, create new ones, and raise copper output across all our Zambian operations,” Pascall said.

British High Commissioner to Zambia Rebecca Terzeon, who attended the event, said Zambia is well-positioned to supply critical minerals needed for the global green energy transition. She noted that stable policies are essential for attracting and retaining investment and reaffirmed the United Kingdom’s support for Zambia’s mining and energy sectors.

The Kansanshi S3 expansion is one of the largest private-sector investments in Zambia in recent years and is expected to strengthen the country’s position as a reliable source of strategic minerals while contributing to long-term economic growth.