Zambia on Track to Reach Copper Target by 2012

4 January 2011 (Last Updated January 4th, 2011 18:30)

The Zambian mining sector is on track to reach its annual production target of one million tons by 2012, according to the country’s Chamber of Mines. The Chamber is expecting increased investment in the sector during 2011, driven by high global copper prices, reports Reuters. <

The Zambian mining sector is on track to reach its annual production target of one million tons by 2012, according to the country’s Chamber of Mines.

The Chamber is expecting increased investment in the sector during 2011, driven by high global copper prices, reports Reuters.

Chamber of Mines president Nathan Chishimba said the country received $2bn in mining investment in 2010 and will continue to attract further investment going forward in view of Zambia’s stable tax policies.

The government agreed in November 2010 to continue the existing mining tax for the next ten years to provide stability to mining investors.