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Copper Mining Industry in Zambia - United Nations
Background Zambia’s major economic activity is mining, and as at 2005, mining contributed about 65% of export earnings. Major minerals are Copper and Cobalt Copper production stands at 465,000 mt, and is expected to reach about 700,000 mt by 2010. 2 big copper mines (new) to being developed, and several small ones.
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For 2 decades, Zambia’s mining sector has experienced significant foreign interest and investment driven mainly by the privatization of state-owned Zambia Consolidated Copper Mines (“ZCCM”), a low taxation environment and low political interference. Zambia is in possession of some of the world’s highest-grade copper deposits.
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Konkola Copper Mines (KCM) is the largest copper mining company in the country. Although based in Chingola, 15% of its operations—namely Nkana Refinery, Nkana Acid Plants and Nkana Smelter (the largest smelter in the nation) -- are located in Kitwe. The Nkana Smelter is the largest primary copper production plant in Zambia.
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The Zambian government has a minority stake in some of these smaller mines too through ZCCM-IH. It owns 20% of Lubambe Copper Mine, 15% of NFC Africa Mining, 15% of Chibuluma Mines and 10% of Chambishi Metals. The shareholdings that ZCCM-IH has in Zambia’s copper mines is …
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The impact of technology changes on production and SAIMM. The paper evaluates the impact of technology used before and after 2010) of the copper mining sector in Zambia, in particular Konkola Copper Mines plc.
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In 2001, the first full year of a privatized industry, Zambia recorded its first year of increased productivity since 1973. The future of the copper industry in Zambia was thrown into doubt in January 2002, when investors in Zambia's largest copper mine announced their intention to withdraw their investment.
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