05/10/2026
Canada only produces 325,000 tonnes of copper per year (which is 0.325 million tonnes).
It is the 12th on the list of copper producers (not even in the top 10).
Yet, the city of Vancouver in Canada is the global financial capital for mining. Zambia has a lot to learn about money for mining projects.
60% of the world's mining and exploration companies are listed on the Toronto Stock Exchange in Canada.
People looking for cash to invest in mining through selling of shares or any other financing go to Canada and not Peru or DRC.
Chile produces 5.3 million tonnes of copper ( the highest on the list). 70% stake in their mining operations is foreign owned and capital is raised externally.
Zambia is 8th on the list at 0.9 million tonnes of copper each year.
The “mining indaba” takes place in Cape Town, South Africa to discuss foreign direct investment for mine operations in other countries.
For those may not know, South Africa only produces 40,000 tonnes ( 0.04 million tonnes of copper- 31st on the list ) but they host the indaba.
My suggestion to govt is that, this years mining and investment insaka taking place on the 19th of October 2026 in Lusaka should also tackle the issue of raising capital locally for Zambians to own new mining ventures.
Christopher Kang’ombe
The author is a former MP. He specializes in development policy. He holds a degree in Electrical/ Mechanical Engineering and a masters in Economic Policy Management.