Zambia’s majority state-owned mining investor is considering selling a stake in the business that owns minority interests in most of the nation’s biggest copper mines, its chief executive officer said. The move aims to boost liquidity for the investor, which holds significant indirect exposure to Zambia’s copper sector. The company does not operate mines directly but holds equity in major copper producers across the country.

A stake sale could provide much-needed capital amid fluctuating copper prices and fiscal pressures. The CEO did not disclose the size of the potential stake or timeline for the transaction. The decision reflects broader efforts by Zambian state entities to optimize asset portfolios and strengthen balance sheets.

Zambia remains one of Africa’s top copper producers, with mining contributing significantly to export revenues and government income. Any stake sale would likely attract interest from regional and international investors seeking exposure to the Copperbelt. The government has previously encouraged state-owned enterprises to unlock value through partial privatizations.

No specific buyers or advisors were named in the CEO’s remarks. The mining sector continues to face challenges including power shortages, regulatory uncertainty, and global demand volatility. Further details on the stake sale are expected in the coming months.