View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorised
June 19, 2020

Zambian copper mining revenues fall 30% as a result of Covid-19

Copper mining companies in Zambia, Africa’s second-biggest copper producer, have seen a 30% drop in revenues over the three months to April, due to Covid-19 response measures. The post-pandemic disruption is now expected to last for another 12 months, the Chamber of Mines said on Thursday, Reuters reports.

By Yoana Cholteeva

Copper mining companies in Zambia, Africa’s second biggest copper producer, have seen a 30% drop in revenues over the three months to April, due to Covid-19 response measures. The post-pandemic disruption is now expected to last for another 12 months, the Chamber of Mines said on Thursday, Reuters reports.

The Chamber further elaborated that global lockdown measures have severely impacted the Zambian mining supply chains and impeded the export and sale of copper, hurting revenues and government coffers.

Royalty payments are estimated to have come in at $60-65m between February and April, about two-thirds of the $90m previously estimated.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology