NEW GOVERNMENT GIVES COPPER PRODUCTION A PUSHZAMBIA is expected to increase copper production output following the indication by the new Government to dialogue with Mining companies over mineral royalties. Despite the southern African nation’s copper production rising to a record last year, output has largely stagnated over the past decade because of the industry’s hostile relationship with outgoing President Edgar Lungu’s government, reports Bloomberg.The new Government has reset the tone to one of rebuilding confidence and spurring growth, Chamber of Mines President Godwin Beene said in response to emailed questions Thursday. “The industry is very positive that with this common-goal approach to the way forward, there will be more of a partnership with government than we have ever seen before.”In 2010, Zambia produced nearly twice as much of the metal as the Democratic Republic of the Congo to the north. By last year, Zambia’s output was almost half that of the DRC’s, limiting the benefit of record prices.And according […]
NEW GOVERNMENT GIVES COPPER PRODUCTION A PUSH
