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Zambia Copper Production will drop by 100, 000 tonnes – Mr Sokwani Chilembo

Metal News - Published on Wed, 11 Sep 2019

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Lusaka Times reported that Zambia Chamber of Mines has projected a 100,000 tonnes drop in copper production this year. Chamber of Mines Chief Executive Officer Mr Sokwani Chilembo adds that Zambia’s mining industry is also expected to drop-off the global top ten Copper producers list. He said that the forecasted drop in copper production is a distant continental second behind the Democratic Republic of Congo who trailed Zambia’s volumes for 75 years until 2013.

Mr Chilembo said that Zambia’s mining industry has been battling to sustain production levels, to contain cost escalation and to maintain asset quality after over a decade of near biennial tax burden increases. He added that non-tax revenue measures have rapidly accumulated and electricity tariff increments.

And The Zambia Chamber of Mines has challenged stakeholders in the mining sector to fully exploit the extractive industry in Northern Province.

Mr Ng’andwe said mining must not only be limited to copper production adding that there is need to explore the potential for other minerals and precious stones within the province.

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Posted By : Rabi Wangkhem on Wed, 11 Sep 2019
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