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Zambian copper mining under threat

By on December 16, 2015

Zambia is Africa’s second-biggest copper producer, but Chishimba said companies faced challenges including old mines, deep ore bodies, low grades, low productivity and regulatory instability.

Zambia is facing its toughest economic difficulties in a decade as weak commodity prices, electricity shortages and slowing growth in China have hit growth.

Mining companies operating in Zambia include Canada’s First Quantum Minerals, Swiss commodities giant Glencore and London-listed Vedanta Resources.

Zambia’s economy relies heavily on mining for investment, jobs and foreign exchange earnings and there is a need to diversify, the Chamber of Mines President Nathan Chishimba said on Wednesday.

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