Returning to the topic of sovereign risks associated with mining in Zambia, PSC appears to me to be sitting in a political sweet spot as it moves closer and closer to success with its Mumbezhi copper assets. Consider this,
1. The PSC management team already have considerable in - country experience in sub Sahara mineral exploration l,
2. PSC appointed Valentine Chitalu as its Zambian strategic advisor to take care its local operational needs
3. First Quantum’s $15M investment in PSC provides PSC with a strong local voice, sending a powerful message to the Zambian government of the potential of the Mumbezhi project to generate further revenue for the country .First Quantum is already one of the largest taxpayers in Zambia in regard to Mining royalties.
4. Although Zambia sits outside the top African countries noted for stability, it has still held democratic elections for the past 5 years.
5. 70% of Zambia’s foreign exchange revenue comes from copper.
6. In April 2025 new initiatives by the Zambian government have a target of 3.1m tons per annum for copper production by 2031.
7. Recently President Hichilema gained wide global praise for economic improvement in Zambia and has highlighted the importance of using mining as a catalyst for broader economic diversification.
PSC Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
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