Zambia’s Copper Mines Receive Global Recognition
news service Dow Jones has applauded
article released yesterday.
A statement highlighted
expected to hit 740,000 metric tons up from 696,900 tons last year due to
increased production at several copper mines.
The report repeated comments made by Likolo Ndalamei,
to the Treasury at the Ministry of Finance, who revealed that copper output
is expected to keep rising due to the resumption of operations at Luanshya
Copper Mines as well as increasing production at copper mines on the
Copperbelt and North Western provinces.
“With production expected to increase during the third quarter of 2010
total production is now projected at 740,000 tons,” he stated.
to reach 363,682 tons compared with 330,125 tons produced in the same period
a year earlier. The copper mining sector continues to recover and rising
global copper prices have induced mines to ramp up production.
The future picture for
reopening of Luanshya Copper Mines following its takeover by Chinese-owned
NFC Africa. The company announced in July that it intends to invest at least
province.
His Excellency President Rupiah Banda has congratulated the high
performance of
delivering through privatization, a revised tax regime and a more effective
way of collecting revenues from the mines to ensure that the Zambian people
benefit from the country’s natural resources.
He said: “The people of
natural resources yields benefits which can assist with the development of
other sectors and the provision of vital social services. Mining is enjoying
a period of steady growth and it is right that the sector makes an
appropriate contribution to revenues.”
SOURCE State House Lusaka, Republic of