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For 6 years, ZIMEC has played a pivotal role in shaping a sustainable growth path for the development of Zambia’s mining and energy sectors.
Around 70% of Zambia’s earnings currently depend on copper mining while over 90% of electricity is generated via hydro. Zambia’s economic sustainability in these challenging times lies in diversifying from copper and hydropower, and attracting the necessary investments to strengthen the mining sector and increase electricity capacity through alternative renewable power sources.
With this in mind, the 7th Annual Zambia International Mining and Energy conference and exhibition (ZIMEC 2017) under the theme of Mining and Energy Development in Zambia – Increasing Economic Activities, will take place from 22nd to 23rd, June 2017.
Zambia International Mining & Energy Conference and Exhibition will once again bring together government, industry players, and other stakeholders to connect, share ideas, and continue strengthening the country’s economy.
Reduced water levels at hydropower plants across the country, caused by adverse weather conditions, have highlighted Zambia’s over-reliance on hydro energy for electricity generation. However, this has opened the way for Zambia to look to alternative energy resources, such as wind and sunlight to supplement Zambia’s power grid, and increasing its capacity in times of water shortage.
POWER ZAMBIA 2017, taking place at the ZIMEC event, will bring together senior representatives from the key stakeholders of Zambia’s energy sector to address some of these key issues affecting power generation, while showcasing the growing opportunities in the renewable energy sector in order to create a sustainable energy mix.
During POWER ZAMBIA 2017, industry leaders will look at what needs to be done to develop a maintainable renewable energy programme, how large power users can increase their productivity through IPPs and PPPs, and highlight bankable energy projects in the region.
A new analysis of mining in Zambia for the past 100 years shows a clear historical link between levels of mining investment and wider economic development.
According to an academic paper entitled Copper Mining in Zambia – history and future, when mining investment is sustained and high, there is growth not just in the mining sector, but also in the broader economy in jobs, new businesses, and the overall prosperity of the population.
When mining investment declines, it’s not just the mining sector that is affected but the entire economy, along with the material well-being of the population.
Copper mining is the major economic activity in Zambia, however the government is trying to diversify its economy to agriculture and tourism, after the copper mining industry faced its worst run in 2015 due to dropping metal prices on the international market.
ZIMEC will address the key challenges of diversifying from the reliance on copper to other natural resources such as emeralds, and other quality gemstones, as well as local content and attracting investment into the mining sector.