After Botswana Earn-In, Australia-Based BHP Extends African Copper Exploration Push to Zambia
BHP has signed an agreement with the Zambian government to enhance the country's geological exploration capacity, specifically focusing on drilling and mineral data. This partnership is part of BHP's broader strategy to secure long-term copper supply chains in Africa.
Why it matters
As the world's largest copper producer, BHP's investment in African exploration is critical for meeting the global demand for metals used in the energy transition.
email facebook linkedin twitter Whatsapp BHP’s agreement with Zambia is focused on strengthening geological exploration capacity, particularly drilling and mineral data, rather than investing directly in a mine. The deal gives BHP deeper access to exploration opportunities in Africa’s second-largest copper-producing country as it expands its African copper pipeline. BHP is building longer-term copper growth options through exploration partnerships in Zambia, Botswana and South Africa as it anticipates a widening global supply gap. Australian mining group BHP has reached an agreement with the Zambian government to help strengthen the country’s geological exploration capacity. Announced on Friday, October 2, the agreement comes as BHP expands its engagement in Africa while pursuing growth in copper, a metal for which it is currently the world’s largest producer.
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