The Industrial Development Corporation (IDC) has called for a strategic expansion and diversification of Zambia’s mining sector, emphasizing the need to protect new investments to unlock the country’s growing mineral potential.
Speaking during a panel discussion at the Zambia International Mining & Energy Conference (ZIMEC) 2026 in Kitwe, IDC CEO Mr. Cornwell Muleya said Zambia’s long history in mining, which spans over a century, must now evolve to reflect new mineral discoveries and emerging opportunities.
“Zambia has been mining for over 100 years, and now we are discovering more minerals, so we need to expand the sector,” Mr. Muleya said. “The question is, how do we diversify the sector and de-risk new investments?,” he said.
He stressed that a critical starting point lies in strengthening geological understanding through comprehensive geophysical mapping and exploration activities. Mr. Muleya said this will require a structured approach with partners capable of undertaking such high-risk, capital-intensive work.
“To achieve this, we need a coordinated framework that allows us to work with credible partners willing to invest in exploration,” he said.
Mr. Muleya further highlighted the importance of complementary investments in education, skills development, and infrastructure to support long-term growth in the mining industry.
The IDC, he said, is prioritizing increased investment in greenfield mining projects – new, undeveloped sites – as a key strategy for sector growth.
“Developing greenfield investments is the best way to expand because there are limited opportunities in brownfield operations,” he explained. “We need to open more greenfield investments and de-risk them to attract investors.”
In addition to investment and exploration, Mr. Muleya emphasized the importance of strengthening environmental, social, and governance (ESG) standards across mining operations. He said responsible practices are essential to ensuring sustainability and maintaining public trust in the sector.
The panel discussion, held under the theme “Investing Responsibly Across Mining & Energy Value Chains: Upholding Transparency and Accountability Towards a Sustainable Social Licence to Operate,” brought together industry leaders, policymakers, and investors to explore ways of promoting responsible investment.
IDC is participating as a sponsor and exhibitor at the conference, which opened today in Kitwe.
