India’s Laxyo Enters African Underground Mining Market with $23 Million Zambia Contract

LUSAKA, Zambia – Indian infrastructure and mining services company Laxyo Ltd has secured a $23 million (approximately ₹200 crore) contract at Zambia’s Mopani Copper Mine, marking a major milestone in its expansion into Africa’s underground mining sector. The agreement represents the company’s first overseas raise-boring project and strengthens its presence in one of Africa’s most important copper-producing countries.

Zambia Contract Marks Strategic African Expansion

The project will be executed through Laxyo’s Zambian subsidiary, Laxyo Evapeta Zambia Ltd, and currently accounts for approximately 12.6% of the company’s total order book. Industry observers view the contract as a significant step in Laxyo’s international growth strategy as it prepares for a planned initial public offering (IPO).

The contract involves raise boring, a specialised underground mining technique used to construct shafts and tunnels without explosives. The method is widely recognised for improving safety, operational efficiency and the development of critical underground infrastructure such as ventilation shafts and emergency escape routes.

Mopani Copper Mine Expansion Drives Demand

The contract comes as Mopani Copper Mine undergoes significant operational transformation under its ownership structure involving International Resources Holding and ZCCM Investments Holdings. The mine is pursuing ambitious expansion plans aimed at increasing copper output and supporting Zambia’s national target of producing three million tonnes of copper annually by 2030.

Copper remains one of the most sought-after minerals globally due to its critical role in renewable energy infrastructure, electric vehicles and industrial manufacturing.

Growing India-Africa Mining Partnerships

Laxyo’s move reflects a broader trend of increasing Indian investment in Africa’s mining sector as companies seek access to critical minerals required for energy transition technologies and industrial development. Analysts note that copper and cobalt resources in Zambia have become increasingly attractive to international investors looking to diversify supply chains.

The contract also positions Laxyo alongside established underground mining specialists operating in Africa, including Master Drilling, Murray & Roberts and Redpath Mining.

Laxyo Builds on Existing African Presence

Although this is the company’s first international raise-boring contract, Laxyo is not new to Africa. The company has maintained operations in Zambia and South Africa for several years through engineering, maintenance and industrial service contracts. It previously acquired a stake in a South African operations and maintenance business and has steadily expanded its regional footprint.

The latest project significantly elevates the company’s role in Africa’s mining value chain by moving into specialised underground mining services.

Outlook for African Mining Growth

The award highlights Africa’s growing importance in the global mining industry as demand for copper and other critical minerals continues to rise. With Zambia positioning itself as a leading copper producer and international companies seeking long-term mineral supply security, projects such as Mopani are expected to attract additional investment and technological expertise.

For Laxyo, the Zambia contract not only expands its international portfolio but also provides a platform for future growth across Africa’s mining sector, where underground mining infrastructure remains a key area of investment.