Zambia produced 763,287 metric tons of copper in 2022. Copperbelt Province yielding a grade of 2–3 per cent (compared to the global average of 0. Mar 2, 2023 · This section highlights some of the key challenges of Zambia’s mining sector. 5 Feb 23, 2021 · Zambia produced 882,061 tonnes of copper in 2020, up 10. Number 4 shaft wants to increase ore production from 1 million metric Mar 12, 2024 · The Chambishi Copper Smelter in Zambia, owned by China Nonferrous Metal Mining Corp (CNMC), has cut one-fifth of its production as it grapples with the fallout from power shortages across the country. Mining is a major contributor to Zambia's economy. 6% will be held by the state-owned Zambia Consolidated Copper Mines Sep 26, 2018 · Canadian miner First Quantum Minerals (TSE:FM) is facing legal uncertainty around its massive $5. If As a result, in 2020, Zambia recorded a historically high level of copper production, with an output of 882,061 tonnes of copper. They account for around 80% of Zambia’s annual copper production. * Zambia Chamber of Mines. 2:38. Dec 31, 2020 · nly affects those that are directly involved in the production process. South Africa, 2007. Zambia has a long history of mining and a large known resource base of copper, emeralds and other deposits, as well as good potential for further discoveries given the high degree of prospectivity. Feb 27, 2019 · Zambia's tax hits on miners came into effect at the start of this year, lifting the sliding royalty scale by 1. Mar 12, 2024 · A decline in output at the Chambishi plant echoes a wider decline in Zambia’s copper production as a lack of new investment puts pressure on the sector. 0 2. Listen. Journalist: Sasha Fernandes. The remaining 20. Hologram in this hospital allows doctors to 'teleport' to meet patients. 6 million (2021), with a rapid growth rate of 2. Thus, by 1964, when Zambia was born, it had a strong economy driven by the mining sector. 7 Government consumption 5. 0 out of 4. For example, as part of the 2030 Agenda for Sustainable Development, all United Nations Member States adopted 17 Sustainable Development Goals (SDGs) in 2015 that covered thematic issues including water, energy, climate, oceans . Zambia recorded a total of 11 fatalities from mine accidents in 2021, 10 of which were at Chinese-owned mines whose safety conditions for workers continues to worry Jan 1, 2004 · Under Zambia Consolidated Copper Mines (ZCCM), wood required by the Copperbelt mines, in the form of timber and large mi ne poles, exceeded 56,000 m 3 per year (Hansungule et al . Rod James reports. , 1998). The natives of Zambia would melt and mold the copper into ingots used as a medium of exchange MCM is a Zambian registered copper mine owned by ZCCM Investments Holdings PLC (ZCCM-IH). Consequent to this, Kaunda nationalised the copper mines in 1969 in the hope that nationalisation would enable the state to direct the profits of the copper mines towards building social and economic infrastructure. The mining was of a traditional and subsistence nature and confined to surface outcrop deposits. Most copper mining operations in Zambia are large Feb 2, 2024 · Zambia is seeking to restructure a $1. 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. 3 Jan 24, 2024 · Zambia is facing a desperate situation as seven workers remain trapped in a flooded copper mine since Monday. Dr Josh Goldman, KoBold Metals co-founder, told the gathering in Cape Town that the $2 billion-dollar mine project will be built at its Mingomba project faster and earlier than in the 10 years initially Apr 5, 2024 · Zambia's copper output could rise to about 1 million tons by 2026, boosted by investment in expanding production at mines including those owned by First Quantum Minerals , Finance Minister Jan 8, 2022 · Kasenseli gold mine. 9 Private consumption 8. According to GlobalData, Zambia is the world’s eighth-largest producer of copper in 2022, with output down by 0. When Zambia became independent in 1964, five main copper mines were contributing over 50 per cent of government Oct 13, 2021 · With copper prices reaching their highest yet above $10,000 a tonne in May and Goldman Sachs forecasting they could hit $10,500 by the end of 2021 as the world thirsts for metals needed to power May 4, 2023 · The Zambian government has also set a target to increase copper production from 800 000 t/y to three-million tons a year in the next three years, explains Heath. Nov 3, 2011 · The 122-page report, “‘You’ll Be Fired If You Refuse’: Labor Abuses in Zambia’s Chinese State-owned Copper Mines,” details the persistent abuses in Chinese-run mines, including poor The country diagnostics shows that Zambia is highly dependent on the mining sector, particularly copper exports, creating high vulnerability for the economy. Mining resources (mainly copper), whose extraction and export were initiated during colonial times, have played an important role in the economy of Zambia, a landlocked country in Mar 4, 2024 · First Quantum’s Zambian copper assets are the Sentinel and Kansanshi mines. 7 5. The incident has sparked a massive rescue operation involving the government, the Chinese embassy, and various mining companies. It seems set to remain so in the years ahead, despite the headwinds that currently beset mining in general, as well as problems specific to the country itself. 8 per cent) (KPMG 2013). According to the 2024 Parliamentary budget speech, in order to attract targeted investment and expedite mineral exploration projects across Zambia, the government plans to May 28, 2009 · Earlier, in 1968, Kenneth Kaunda had raised concerns about the failure of the mining companies to invest in developing the mines. Muma1, B. This report ional copper mining business. Consistent private sector-driven investment in the industry over a period of over 50 years in exploration, mine development and operation, development of minerals processing facilities, building of infrastructure for pyrometallurgical and hydrometallurgical processing, with Mar 12, 2021 · Glory Mushinge. It is a complex issue, which cuts industry is facing. Zambia now mines copper, zinc, lead, manganese, emeralds, gold, uranium, nickel, coal and iron ore. Last year, output of the metal slumped to around 698,000t from 763,000t in 2022, according to data from the Zambia Chamber of Mines. These sub-sectors include manganese, gold and gemstone This report explores the potential contribution that the copper mining industry could make to jobs and prosperity in Zambia, and what it would take to achieve this potential. And Zambia took on $1. Consistent private sector-driven investment in the industry over a period of over 50 years in exploration, mine development and operation, development of minerals processing facilities, building of infrastructure for pyrometallurgical and hydrometallurgical Background to Zambia and copper mining Copper mining is the lifeblood of the Zambian economy, generating three-quarters of the country’s foreign exchange earnings. With this growing importance of high copper productivity relative to the ‘Old Copperbelt’, the local population hoped that the mining boom would improve their livelihoods and transform Solwezi (and North Feb 18, 2021 · It also entered into a historic development agreement with the Government of the Republic of Zambia. Methods A cross-sectional study using a self-administered questionnaire was conducted anonymously among copper mineworkers in Zambia in 2015 and 2016. 3 8. Investment in Zambia’s mining sector tripled in 2022 thanks largely to the introduction of various tax incentives in the new Government’s first budget and the apparent commitment to maintaining a stable mining tax policy. pp. TABLE 2 Zambia / Macro poverty outlook indicators (annual percent change unless indicated otherwise) 2021 2022 2023e 2024f 2025f 2026f Real GDP growth, at constant market prices 6. ECONOMIC BRIEF—MAKING MINING WORK FOR ZAMBIA. 4% stake in KCM for a reported $1. (i) Mono-dependency on copper – The country has been heavily reliant on the copper mining sector. [21] [22] The Nkana Smelter is the largest primary copper production plant in Zambia. Zambia is one of Africa's biggest copper players, but critical pain points prevent growth Jul 14, 2020 · Konkola Copper Mine’s Number 4 Shaft is a trackless underground mine applying sublevel open stoping (SLOS) mining method. Besa2, J. iv. • Simutanyi Neo, ‘Copper mining in Zambia: the developmental legacy of The mining sector is important in Zambia and is likely to continue to be so. 0 9. 02:39. The Republic of Zambia has a literacy rate of about 80. 1 History and governance of the mining sector 26 2. 2 5. 48 billion project in Panama, the largest copper mine coming to market over the next couple of 2. It continues to account for nearly a quarter of national GDP, and per capita GDP is the 3rd highest in the country. 0 6. 4 billion. The current reduction of the copper price could further decrease revenues of the country. The World Bank’s (2016) Mining and Governance review rates the extent to which ASM operators are allowed to legally operate in Zambia as ‘Very High’ (4. 56% on 2021. Mineral resources are distributed throughout the country. New Delhi. INTRODUCTIONMining had been going on in the region known today as Zambia long b. Over the five years to 2021, production from Zambia increased by a CAGR of 0. 2 4. 8 billion tonnes of 2 days ago · Copper production in Zambia and major projects. The southern African nation accounted for about half of the company’s copper output and revenue last year, and ASM in Zambia is known for high levels of formalisation. Feb 6, 2024 · Zambia is Africa’s second-largest copper producer after neighbouring Democratic Republic of Congo and ZCCM has interests of 10% to 20% in mines including those owned by Barrick Gold, Vedanta Aug 14, 2023 · Zambia shares the same high-class copper deposits as the DRC, but its copper must travel 1,800km or more, predominately by truck, to ports such as Namibia’s Walvis Bay or Dar es Salaam. Michelo et al. 8%. At the same time there is anecdotal evidence that these activities have affected the health of adults and children and adults. 2 Future macroeconomic contributions of mining 51 4. 29% between 2022 and 2026. 26-34. 5m. Jun 1, 2016 · Published 1 June 2016. Copper comprises 70% of Zambia's total export earnings, and the country produces about 20% of the world's emeralds. This has resulted in the under exploitation of other sub-mineral sectors to attain social-economic development. Keywords copper mining, Zambia, history, nationalization, privatization, production, national economy. whether the benefits of copper mining could compensate for any damage. 1 Macroeconomic contributions to date 40 3. In a significant development for Zambia’s mining sector, the government has announced plans to hand over Mopani Copper Mines to a new investor by the end of February 2024 Dec 1, 2021 · Abstract. Its population, much of it urban, is estimated at about 19. Air and water pollution are among the most significant environmental problems facing the communities living in and around the copper mining areas in Zambia. Journal of The South African Institute of Mining and Metallurgy. 03:35. 04% and is expected to rise by a CAGR of 0. Prince William dances to Taylor Swift’s Large scale mining started in Kabwe in 1902 and on the copper belt in 1910. Feb 5, 2024 · Anglo American is in the early stages of exploring for copper and cobalt in Zambia’s North-Western province, its chief executive officer Duncan Wanblad said on Monday. The Mufulira mine is the largest underground mine in Africa. The company’s assets comprise underground mines, a concentrator, a smelter, and a refinery at the Mufulira mine site, and underground mines, open pits, a concentrator, and a cobalt plant at the Nkana mine site in Kitwe. 5 to 7. Zambia’s economy is primarily reliant on copper mining, which generates over 70% of the country’s revenue (Chipili, 2019). Transparency International’s 2022 Corruption Perceptions Index ranked Zambia 116 out of 180 countries, a downgrade of one spot compared to 2021. By 1994, Zambia had become one of the poorest countries in the world, with per capita income Apr 29, 2024 · April 29, 2024 at 2:31 AM PDT. 5 billion in debt to buy Mopani from Glencore in January 2021. The objective, according to Chishimba, was to provide context and understanding for the slump facing Zambian and global copper miners after a reduction in demand in the past five years from China, the world’s largest consumer Jun 1, 2016 · Zambia's economy has largely remained dependent on copper mining (Auty, 1991, Sikamo et al. Apr 29, 2024 · Vedanta resolved its legal dispute with Zambia over the copper assets in September, with the company agreeing to pay $250 million to settle some of KCM’s obligations to suppliers and to commit Apr 29, 2024 · Zambia’s copper mines are facing a power supply squeeze as drought roils hydroelectric installations. Zambia boasts some of the world’s highest grade copper and cobalt deposits with some of the copper deposits in the . 1 However, from 2015 to 2022, the Copperbelt’s economy Dec 20, 2012 · About three in four of the workforce in Zambia are engaged in the agricultural (50%) or sales/services (28%) sectors . 5 6. The mining sector is important in Zambia and is likely to continue to be so. Jun 6, 2024 · Other key market challenges include policy inconsistency, pervasive corruption, lack of modern manufacturing equipment, and inadequate infrastructure. industry is facing. AC,?<1: copper mining, Zambia, history, nationalization, privatization, production, national economy. Whilst seemingly good news for the industry, Zambia’s tax regime means that mining stakeholders today face significantly higher royalty bills as a reflection of the heightened prices for copper. 1, February 2010-April 2010. Feb 16, 2024 · Mining startup KoBold discovers large copper deposit in Zambia. Water resources management is high on the agenda both locally and globally because of its important role in social, economic and environmental development. Apr 9, 2024 · Zambia is experiencing a large demographic shift and is one of the world’s youngest countries by median age. Copper has for many years played an important role in Zambia’s economy, and the performance of the economy has followed the fortunes of copper mining closely. 6 2. , 2016 for more than 100 years since copper was discovered in the 1920's (Sardanis, 2019). 7% per year, reflecting the relatively high fertility rate. 5m, including a cash consideration of up to $14. 2 Zambia’s mining sector today 30 2. Zambia generates most of its electricity from hydropower, but output has taken a hit in recent months as ongoing droughts – the worst the Jan 7, 2016 · These are Zambia’s four largest copper mining companies, accounting for around 70% of the country’s annual output. “Zambia’s mining May 24, 2018 · Zambia itself is a good example: since privatisation in 1997, nearly $15 billion of new mining investment has seen the expansion of existing mines and the creation of new ones. The demand for copper, a key component of renewable energy technology, is set to rise. It is a complex issue, which cuts across the environmental, social, economic, and political dimensions. Any major change in the copper value chain and in the operation of the copper mining companies located in the province can thus affect the Copperbelt community in a significant way, impacting men and women differently. HK) Chambishi Copper Smelter in Zambia has cut one-fifth of its production due to power shortages in the country Mar 12, 2020 · Records of small-scale copper production date back to 1908 and 1911, when mining took place at Kansanshi and Bwana Mkubwa mines, respectively. The mining was of a traditional and subsistence natur. 0). The Zambian government has taken over operations at a major copper mining company in what is seen as a move towards increasing its direct control of the key mining Southern africa Resource Watch. It was the nation’s mining and industrial hub, accounting for all of Zambia’s large-scale copper mining in the early 2000s. Hichilema's administration aims to address infrastructure deficiencies, secure mining taxes, and promote cross-border economic cooperation with the DRC to May 31, 2023 · The Zambian government is urging stakeholders to exercise patience and await an update from the Zambia Environmental Management Agency (ZEMA) regarding the contentious issue of mining in the Lower independence. 5 billion debt owed by Mopani Copper Mines to Glencore, which arose from its acquisition of Mopani in 2021, state-owned mining firm ZCCM-Investment Holdings Zambia’s copper exports, could dampen growth at home. product (GDP) declined by more than 100% in the 1970s (from 36% in 1970 to demonstrations, were frequent. Employing 10,000 staff, it operates its own Jul 1, 2014 · ZAMBIA . and confined to surface outcrop deposits. In the Copperbelt Province, townships adjacent to copper mining sites are severely polluted while in the old mining town of Kabwe, there are unacceptably high levels of lead in the soil. 8% from 796,430 tonnes produced in 2019, Mines Minister Richard Musukwa said on Tuesday, calling it a “historical high” for Africa’s of Zambia: A case study of Kankoyo Township D. dollar 3 The Zambian copper mining industry as we know it today had its genesis in the 1920s. Zambia has a long history of mining and a large known resource base of copper, emeralds and other deposits, as well as good Mopani Mine in Zambia. This is Anglo’s second look at the project because it previously explored the areas through a joint venture with Equinox Produces copper – Zambia is Africa’s largest producer of copper and cobalt and world’s 7 th largest copper producer and the 3 rd largest producer of cobalt (in 2010) Zambia is home to Africa’s largest known reserves of copper accounting for 6% of the world’s copper reserves Existing mines hold resources estimated at 2. 6 0. Indian Council for Cultural Relations. As the large youth population attains reproductive age, the Sep 20, 2022 · Copperbelt Province-based mining giants Mopani Copper Mines and Konkola Copper Mines, currently owned by the Government, are financially struggling due to lack of capital investment in the operations. 1 Energy prices fell sharply, while prices of copper and other commodities remain low 1 2 Global growth remains soft 2 3 Growth in Africa is expected to slow 2 4 The region’s major currencies have lost value against the U. Suggestions are proposed on how the industry can be nurtured to continue being a major driver for the Zambian economy and a major player in the international copper mining business . 1 5. They are the leaders in direct fixed investment in the Feb 5, 2024 · The long-awaited agreement, sealed on October 23rd, 2023, marks a significant development in the copper-rich African nation’s mining landscape. Vedanta Resources Ltd has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia Jan 19, 2015 · It has warned that forcing companies to pay the extra royalties could result in a loss of 158,000 tonnes of copper and 12,000 mining jobs in 2015 and commissioned a report, seen by Reuters, that Jan 30, 2023 · As the world transitions to renewable energy, new growth opportunities figure for Zambia. We spoke to the company to find out about the state of the copper industry in Zambia and what the future might hold for the sector. In Chile, water shortages have restrained copper production in recent years as the industry Feb 1, 2021 · Background This study aims to examine miners’ working conditions and self-rated health status in copper mines in Zambia and to identify the conditions and factors necessary to improve the safety and health of mineworkers. Evidence-based industrial policymaking and statistics is the Nov 9, 2022 · Mining Expert Cryton Phiri says the country is ill-prepared to attain the 3 million metric tons annual copper production due to unresolved challenges facing the country’s two biggest mines Mar 11, 2024 · LONDON/ LUSAKA, March 11 (Reuters) - China Nonferrous Metal Mining Corp's (1258. Zambia has 6% of the world’s copper and can promote inclusive growth through this copper boom by harnessing the non-tax benefits of mining. Context: the mining industry in Zambia 25 2. S. A report by What are the effects of mining in Zambia? Impacts resulting from mining is focused on the following topics: air pollution, • soil contamination, • water pollution and siltation, • geotechnical issues, and • land degradation. 5 percentage points to between 5. 3 Competitiveness challenges facing the sector 34 3. The Zambian government’s inconsistent A t the recent African Mining Indaba, Zambian President Hakainde Hichilema stated that Zambia seeks to ramp up copper production from 830,000 tons per year to 3 million tons. 03/12/2021. Jan 1, 2015 · "The Zambian Copper mining industry as we know it today has its genesis from early in the 20th century in the 1920s. Chingola, which is around 400 kilometers (250 miles) north of the capital, Lusaka, has large open-pit mines, some of them stretching for Mar 5, 2024 · First Quantum Minerals has received interest from multiple parties hoping to buy a minority stake in its Zambian copper operations as the Canadian miner looks to offset financial damage caused by the closure of its flagship mine in Panama. Jun 13, 2023 · Zambia’s mining industry is facing a challenging period as Mopani Copper Mines and Konkola Copper Mines (KCM) find themselves entangled in a severe financial crisis. just 13% in 1975), the importance of the food riots on the Copperbelt and parts of. Although copper had been produced at Kansanshi and Bwana Mkubwa in 1908 and 1911, respectively, the first Mar 13, 2024 · Zambia's Copper Smelting Plant Downscales Output Amid Electricity Shortages. According to Bloomberg, First Quantum’s chairman, Robert Harding, said the company had signed non Jun 24, 2016 · The “Big Four” are Barrick Lumwana, FQM Kansanshi, Mopani and KCM (Konkola Copper Mines) . Macroeconomic contributions of mining 39 3. The mining concessions under development boast some of Africa’s largest proven copper and cobalt deposits. • Rajwar Sushmita, ‘Dragon in Zambia: Challenges facing China’. Nov 4, 2011 · The crash of copper prices in the mid- and late 1970s led to a downward spiral of Zambia’s economy. known today as Zambia long before the white settlers came on the scene. mining sector to Zambia’s gross domestic workers’ protests, through strikes and. com Feb 22, 2024 · The value chain curse in Zambia: why a copper powerhouse struggles to prosper. Johannesburg. 13-Mar-2024 11:05 AM. The Republic of Zambia just like its neighboring countries is blessed with abundance of natural resources such as gold, silver, copper, uranium, hydropower, zinc, cobalt, coal, lead, etc. 7 6. Banda2 Synopsis Air and water pollution are among the most significant environmental problems facing the communities living in and around the copper mining areas in Zambia. 5 percent, depending on the copper price. Figures. Due to Zambia’s long history as a mining nation there are many historical legacy sites that cause environmental Jan 31, 2024 · The Government has established an objective to achieve the production of 3 million metric tonnes of copper by 2032 amongst other objectives in the extractive/mining industry. History. Jun 21, 2016 · Zambia has long been regarded as the safest place in sub-Saharan Africa in which to invest and operate. These mines serve as a gauge for the mining industries and, by implication, the Zambian economy’s Feb 16, 2024 · The Copperbelt province has been the growth engine of Zambia since independence. Konkola Copper Mines (KCM) is the largest copper mining company in the country. Almost 100 years has passed since sustained commercial-scale mining began in Zambia, when extensive exploration projects led to the discovery of substantial copper deposits in the 1920s. 0 4. Mining in Zambia produces several minerals and is a critical part of the country's economy. fore the white settlers came on the scene. Hence, most workers would be exposed to hazards emanating from agriculture, sales/services and mining activities, such as dust Feb 24, 2022 · It operates mining sites at Mufulira and Nkana, both situated in Central Zambia. The mining sector is a major contributor to foreign direct Feb 24, 2024 · 23. 6% for the total population with the female literacy rate hovering around 74. Zambia’s copper production has tripled since then, and the once-backward North-Western province has boomed to become Zambia’s main copper-producing region. It is a complex issue, which cuts across the Oct 1, 2015 · are grouped under stages of the mining “value chain” and “themes” relevant to mining investment and governance. The natives of Zambia would melt and mould the copper into ingots used as a May 23, 2022 · However, two major legacy issues from the previous regime remain. Five targeted mining Feb 6, 2024 · In Zambia, the largest copper deposits ever recorded in the country’s mining history have been discovered, confirmed at Mining Indaba 2024. In particular, in December 1986 there were. In the first edition of our mining report, we focused on how Zambia’s mining sector can rebuild trust among Aug 29, 2022 · Anglo has formed a joint venture with Arc over Arc’s copper-cobalt project in the north-west of Zambia and will hold a 70% stake for an aggregate investment of up to $88. They account for most of the mining employment, most of the corporate social investment and most of the media publicity. Suggestions are proposed on how the industry can be nurtured to continue being a major driver for the Zambian economy and a major player in the international copper mining business. The deal sees Vedanta, led by billionaire Anil Agarwal, acquiring a 79. These mining giants are Copper mining occupies a central place in the Copperbelt of Zambia, permeating every aspect of life—the social, economic and political. Dec 17, 2020 · Legacy mining pollution in Zambia is the result of many decades of unsustainable mining operations and inadequate rehabilitation or closure of mining sites. This is if formalisation is understood as legalisation or the granting of legal title. 8 9. reported that the mining industry employs about 15% of formally employed workers. Zambia has introduced numerous Oct 20, 2017 · Air and water pollution are among the most significant environmental problems facing the communities living in and around the copper mining areas in Zambia. 1 12. See full list on theconversation. Volume 50, No. However, there is scant evidence on the magnitude and extent of the effect of copper production on the health of the surrounding populations, an. Manchisi1, and W. Dec 11, 2023 · Zambia is among the top 10 copper producers in the world. The Chambishi Copper Smelter in Zambia, operated by China Nonferrous Metal Mining Corp (CNMC), has implemented a significant reduction in production, amounting to one-fifth of its capacity. 5,397 views. 2 Copper is equally important to western and newly industrialising countries such as China, where it is used for electrical wiring, phone and internet lines, computers and cars. The two biggest copper mining companies in the Copperbelt are Mopani Copper Mines (MCM) and Konkola Copper Mines (KCM). Africa Quarterly. Jan 15, 2019 · In 2016, Zambia produced about 770,000 metric tons of copper, of which 490,000 metric tons – 64 % – came from the Solwezi mines. The state-owned mining holding company ZCCM-IH remains embroiled in a legal dispute with Vedanta over the enforced liquidation of Konkola Copper Mines (KCM). bd hg vh jx bv zh mq yr eo hj