Sat, 24 Jun 2017 12:20:30 +0000 By BUUMBA CHIMBULU ZAMBIA is among African countries which were unable to make it on the World’s Top 40 miners’ list whose mining industry survived the global shocks, hence attracting sustained balance sheets and a return to profitability in 2016. According to PricewaterhouseCoopers (PwC’s) Mine 2017 report released recently, Zambia is among some African countries which suffered one of the largest pullbacks in mining investment of any region. The report analyses financial performance and global trends, also outlines the new opportunities and hazards on the horizon – and the impact of inflexible activity. It analysed 40 of the largest listed mining companies by market capitalisation and information was obtained in the periods 1 April 2015 to 31 December 2016. In the report, South Africa, Congo DR, part of East and West Africa contributed an average of 4 percent to global mining in 2016, unlike countries such as Zimbabwe, Botswana […]
Zambia suffered major mining investment pullback in 2016 – report
