Zambia scores high on mining transparency

By BUUMBA CHIMBULU

ZAMBIA has earned a strong 81-point rating under the 2023 Extractive Industries Transparency Initiative (EITI) Standard, with the latest assessment praising progress in mining sector transparency while urging reforms in contract disclosure and environmental oversight.

The assessment includes two additional points awarded for effectiveness and sustainability, with the report noting that EITI implementation has supported systematic disclosure of information and reforms related to critical minerals, beneficial ownership transparency and domestic revenue mobilisation.

Despite the positive rating, the validation report said the country needed to strengthen contract and licence transparency, enhance environmental oversight and improve accountability in the management of revenues generated from extractive industries.

EITI Board Chair Helen Clark commended the country for using the initiative to advance national priorities and improve governance in the mining sector.

“Zambia has demonstrated how the EITI can support national priorities by strengthening transparency, informing reforms and fostering dialogue on the future of its mining sector,” Ms Clark said.

She noted that as the country pursues its ambition of expanding copper production and positioning itself as a key supplier of critical minerals, continued efforts to improve contract transparency, environmental accountability and local revenue management would be vital for building public trust and ensuring sustainable development.

Mining remains a cornerstone of the country’s economy, contributing 17 percent of Gross Domestic Product (GDP) and accounting for 25 percent of government revenues in 2024.

Copper continues to dominate the sector, with the government targeting annual production of three million tonnes by 2031.

The report also observed that the country was seeking to strengthen its position in the global supply chain for critical minerals needed for the energy transition through initiatives such as the Lobito Corridor and regional value chain partnerships.

According to the assessment, the Zambia Extractive Industries Transparency Initiative had made notable strides in improving public access to information through its Fusion Portal and systematic disclosures by government institutions and mining companies.

The platform provides stakeholders with timely and open-format data on production, exports, revenues and licensing, enabling the information to inform policy discussions and public debate.

Ends.