Virus vaccine hopes propel copper to a two-year high

Base metals have climbed this month on signs of progress in developing a drug to combat Covid-19, which would help economies reopen and global growth recover. But there are still immediate fears that fresh lockdowns – especially in the US – could bring renewed pressure on economic activity. The Trump …

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Royalty tax hindering multi-billion Zambia Copper Mine Projects

According to the industry lobby group of copper miners in Zambia, 2 billion dollars of proposed investments have been halted because the royalty tax imposed last year rendered the projects unworkable. The proposal of First Quantum Minerals Ltd. to spend $1 billion to prolong the life of its Kansanshi operation …

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Zambia’s history of copper production — Part 2

Economic growth takes centre stage In Part 1 of Zambia’s history of copper production, we reflected on the country’s progression from the early days of large-scale production of the red metal almost 100 years ago, to the challenges that led to the re-privatisation of the industry at the end of the …

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