Lusaka September 15 news, Zambia Chamber of Mines (Zambia Chamber of Mines) released a report that the conservative estimate of the end of this year, Zambia copper production is expected to increase to 800,000 tons.
Between 2000 and 2014, the country attracted $ 12.4 billion in mining investment, and six mines are currently in operation.
The country will regain the throne of the largest copper producer in Africa.
“This is only a conservative estimate of production, while the Zambian government’s production is estimated to be close to 850,000 tons.”
Copper exports now account for the bulk of foreign exchange earnings in the country, and the copper industry also shares a significant portion of the country’s tax revenue.
In the 1990s, there was only one copper company in the country, with an annual output of 300,000 tons of copper.
In 2016, the country’s copper production has increased to 762,000 tons.
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