Zambia Copper Mines Caught Between Miners and Chinese Investors
Copper is key to Zambia's economic success, which needs Chinese investors. But workers are being abused at Zambia's Chinese-operated mines.
Copper is key to Zambia's economic success, which needs Chinese investors. But workers are being abused at Zambia's Chinese-operated mines.
Hopes for an improved outlook for the US economy, coupled with higher hopes for the euro zone to resolve its debt crisis, is leading copper to surge.
First Quantum Minerals (TSE:FM) reports that the company's third-quarter copper production fell by 18 percent.
Zambia’s Konkola Copper Mines has contracted Brazil’s U & M Mining to help it mine for copper in Zambia as it seeks to surge output to 500,000 tonnes by 2011. For full story, click here
Zambia’s Konkola Copper Mines has contracted Brazil’s U & M Mining to help it mine for copper in Zambia as it seeks to surge output to 500,000 tonnes by 2011. For full story, click here
Copper output at First Quantum Minerals’ Kansanshi Mining Plc in Zambia slipped to 45,073 tonnes in the six months to June 2009 from 52,952 tonnes in the same period last year. For full story, click here
Zambia’s Baluba copper mine will resume operations in December after its owners complete rehabilitation work and replace obsolete machinery. The government had initially said that production at Baluba would commence in May this year. For full story, click here
DJ declared that Hong Kong based Zhonghui Mining Group has planned to invest USD 3.6 billion in the exploration and mining of copper resources in Zambia over the next five years. For full story, click here
Zambia’s Lumwana Mining Co. Ltd, a unit of Australia’s Equinox Minerals Ltd declared annual copper output will be much lower than the projected 170,000 tonnes due to production setbacks. For full story, click here
Although improving on Q1 output, Equinox Minerals’ big Lumwana copper mine in Zambia potentially Africa’s leading has come up with disappointing second quarter operating results. For full story, click here
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