AfDB expects mining boom

MINERS processing copper at one of the mines on the Copperbelt.

ZAMBIA’s mining sector is this year expected to boom due to policy regime stability, African Development Bank (AfDB) has predicted.
Yesterday, copper was trading at slightly over US$7,000 per tonne on the global market.

Releasing the Banks 2018 African Economic Outlook, AfDB says the country’s stable mining tax regime is anticipated to boost copper investments and production.

“From 2016, the stability of the mining tax regime increased, which is expected to support investment and production of the metal.
“Demand for copper in China is this year anticipated to continue, combined with the forecasted copper supply deficit, prices are expected to remain at their current levels or….

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