Zambia copper output rises by 20 percent
Copper production
in Zambia, Africa’s largest producer of the metal, increased by 20
percent to 548,326 tonnes from January to August, compared with the
same period last year, the central bank said on Wednesday.
The Bank of Zambia
(BoZ0) said in a fortnightly report that copper exports in the first
eight months of 2010 rose to 541,396 tonnes from 435,460 tonnes in
2009. Production was 456,735 tonnes of copper in the 2009 period.
Frederick
Bantubonse, the general manager of the Chamber of Mines of Zambia,
which represents foreign mining companies, told Reuters the higher
output reflected increasing investment.
“Both copper and cobalt production are rising because mining companies have invested heavily in the mines,” Mr. Bantubonse said.
Leave a Reply