https://www.miningweekly.com
Copper|Mining
Copper|Mining
copper|mining

Zambia's Chamber of Mines warns of 'drastic' fall in copper output

23rd May 2019

By: Reuters

  

Font size: - +

LUSAKA – Zambia's 2019 copper output could be as much as 100 000 t lower than last year as changes to mining tax drive miners to cut production, the Chamber of Mines said on Thursday.

"Present forecasts are that copper production, both concentrate and finished copper, will now be drastically lower than last year, and could be as much as 100 000 t lower," it said in a statement.

Referring to tax changes the mining industry says will stymie investment, it said the 2019 tax regime was "forcing miners to do the unthinkable – to cut production – because many cannot afford to continue producing as before".

Last year's output was 861 946 t, the chamber said.

Edited by Reuters

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.112 0.143s - 107pq - 2rq
Subscribe Now