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Copper at $5,000 per tonne not a disaster, says Kaberuka

DR Donald Kaberuka says Zambia and other African governments must fix economic policies that are leading to massive job losses in the mines. And Dr Kaberuka, the immediate past president of the African Development Bank, says copper prices at $5,000 per tonne is not a disaster that can lead to …

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Copper, Glencore send Zambian kwacha into freefall

Zambia’s kwacha went into freefall on Monday, hit by a worsening outlook for key export copper as the metal’s price hit a one-month low, amid fears that mining giant Glencore might further rein in its extensive operations in the country. The currency fell more than 17%, its biggest one-day fall …

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ZAMBIA’S METAL EXPORTS INCREASE

THE value of Zambia’s metal exports increased to K3, 967.3 million in August 2015 from K3, 625.7 million in July 2014. The overall contribution of metals and their products to the total export earnings in August and July 2015 averaged 75.1 per cent. Central Statistics Office (CSO) director John Kalumbi …

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Intrepid accelerates exploration at Zambia target

Minerals explorer Intrepid Mines has mobilised a fourth diamond drill rig to the high-priority Kakozhi satellite target, in Zambia, accelerating a drilling programme aimed at better defining the potential of the prospective Mumbwa copper project. Drilling at Kakozhi had previously focused on testing a coincident soil geochemical and airborne gravity …

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