First Mining Drc-Zambia Sep/Oct 2017 FMDRC-Zambia Sep Oct | Page 26

Opinion
Zambia Mining
Zambia possesses the world's highest-grade Although Zambia is currently the smallest coal It has been forecasted that the investment in
deposits of copper and is ranked 7th largest producer in the region, their coal output is mining sector of Zambia will reach USD 15
copper producer in the world for producing estimated to grow from 281,000 tons in 2014 to billion by 2017 due to new projects under
copper. more than 2 million tons by 2017. Investment implementation.
In Mining In Zambia.
In 2013, Zambia was the sixth largest
producer of copper with 800,000 tons
e Zambian government is focused on
e privatization of the Zambia Consolidated
economic diversi cation to reduce its reliance
increasing from 572,793 tons production in C opp er Mines in late 90s along wit h on the copper industry. e diversi cation
2008. It has been projected that copper implementation of program includes promotion of using other
scal policies in 2004
production in Zambia will reach 1,500,000 transformed the economic performance of components of Zambia's resource base such as
tons by the year 2018 due to new projects. Zambia. Under the Mines and Minerals agriculture, gemstone mining, tourism and
Development Act 2008, the government hydropower.
e mining contribution of Zambia to the simpli ed licensing procedures, created Gross Domestic Product is forecasted to favourable investment environment and placed grow to USD 1.35 billion by the year 2015. minimum constraints on mining activities.
L e a d an d z i n c are n e x t i mp or t ant
Challenges To Zambia Mining Sector
Zambia Mining Power Demand And Supply
With rapid economic growth and new mines
commodities produced by Zambia. With a As a result the mining sector of Zambia in the development in Zambia, there has been a 36%
total of 11 metric tons of ore containing zinc last two decades has experienced tremendous demand increase for power in the past decade.
and lead combined in 40% proportion, growth and investment. e mining industry of is increase in electricity demand means that
Kabwe is one of the highest-grade lead and Zambia attracted investment of approximately 26% of Zambia is affected by load shedding
USD 8 billion since the 2000 employing 80,000 usually at peak times.
zinc deposits in the world.
in 2013 compared to 27,000 in 2000.
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