KITWE: A major investment by the UAE’s International Resources Holding (IRH) has triggered a remarkable turnaround at Zambia’s Mopani Copper Mines, one of the continent’s most vital copper producers. The transformation comes just a year after IRH took a majority stake in the mine, resulting in increased production, job creation, and a renewed expansion strategy.
In its latest operational report, Mopani revealed that ore production has surged by 14% to 2.59 million tonnes, while copper grades improved by 18%. Contained copper output also rose by 23%, reaching 47.2 thousand tonnes. These milestones follow an investment of more than $1.1 billion from IRH since 2023, including $620 million in equity capital and $400 million in long-term financing.
The revival of Mopani has contributed significantly to Zambia’s economy, with a World Bank report linking the mine’s rebound to the country’s 4% GDP growth in 2024. Looking ahead, Mopani aims to raise its annual copper output to 300,000 tonnes by 2029. A new airborne geophysical survey is also underway to help extend the mine’s life by over 30 years.
Ali AlRashdi, CEO of IRH, hailed the investment as a model for sustainable international growth. “We are creating jobs, building capacity, and positioning Zambia for the green energy transition,” he said. With global copper demand projected to reach 4.5 million tonnes by 2030, the Mopani project is seen as a cornerstone in the energy transition supply chain.
Mopani CEO Charles Sakanya praised the collaborative progress. “With IRH’s support, we’ve modernised operations, digitised the mines, and gained real momentum,” he said. The mine now employs over 13,000 people — 2,300 new roles were created in 2024 alone.
The vendor strategy has also emphasised localisation, with 90% of procurement this year — worth $436 million — awarded to Zambian businesses. Social investments include $14.8 million in healthcare infrastructure. Technologically, Mopani is now among the most advanced in the region, with AI-driven systems, predictive maintenance, and underground wifi extending 2km into the mine.
This UAE-backed copper mine revival reflects Abu Dhabi’s expanding influence in African markets, centred on sustainability, innovation, and inclusive development.
