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Copper Prices Falls Impact To Zambian Mining Exploration Sector and Economic Growth
1,000 Mining Jobs and Other Sector Shut Down
With about 60 percent of the country’s workforce, copper mining has historically been the lifeline of Zambia’s economy. But lately and because of the fallen prices of copper on the world market, the Zambian economy has been struggling.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Mining Exploration Project, Production and Finance in World Trade and Market
LONDON (Dow Jones)
- United Company Rusal is to increase the level of aluminum production it cuts to 4% of its total global output, or around 168,000 metric tons a year, a company spokeswoman told Dow Jones Newswires Monday.
Surging mineral prices help Zimbabwe earn more from its minerals
The Southern African country of Zimbabwe has registered an almost six-fold increase in mineral sales for the first 10 months of the year. These totalled US$591m compared to US$103m earned in the same comparative period last year, the Minerals and Marketing Corporation of Zimbabwe (MMCZ), which is charged with the duty to sale and market [...]
