Steady Growth To Continue Zambia’s mining sector is set to continue the recovery seen over the last decade. The country had declining copper output throughout the 1990s, but a mixture of low taxes, privatisation and elevated copper prices has seen a substantial boost to investment and output. We expect the value of the mining sector to reach US$899bn by 2017, from US $782mn in 2012, marking an annual average growth rate of 2.8%. Zambia’s mining sector has been highly amenable to foreign investment since the privatisation of statecontrolled Zambia Consolidated Copper Mines (ZCCM) at the end of the 1990s. Indeed, …
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