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PDF Copper Mining Industry in Zambia United Nations

Background Zambias major economic activity is mining, and as at 2005, mining contributed about 65 of export earnings. Major minerals are Copper and Cobalt Copper production stands at 465,000 mt, and is expected to reach about 700,000 mt by 2010. 2 big copper mines new to being developed, and several small ones.

Record copper prices doubleedged sword for

Dependence on Copper MiningGlencore Exits ZambiaTaxation Impeding InvestmentElections to Delay Tax ReformZambia is highly dependent on mining as its major productive industry, with the extractives sector contributing about 10 to the countrys GDP. In 2019, the countrys mining sector accounted for 28 of the governments revenues and 77 of export earnings, with copper accounting for over 90 of the sectors exports, according to the Extractive Industries Transparency Initiatives Zambia EITI Report 2019. According to figures from the Ministry of Mines and Mineral Development, eight of the ten large s

Four Big Mines Dominate Zambias Copper

Jun 24, 2016 0183 32F our big mines dominate Zambias copper production, complemented by several smaller players who also play an important role. All the mines are backed by a wide range of respected international investors. The Zambian government, through its investmentholding company ZCCMIH, is a minority shareholder in nearly all of them and is, in effect, the biggest shareholder in Zambias

PDF The Historical Role of Copper Mining in the

rates shot up and Zambia was thrown into a severe debt crisis. For twenty years the economy collapsed at an internationally unprecedented rate as copper prices continued to fall relative to the price of imports. Between 1974 and 1994, per capita income declined by 50, leaving Zambia the