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Zambia Mining Report Q3 2013

Zambia mining market: $899bn industry by 2017

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2014-02-04 07:47:01 - Zambia Mining Report Q3 2013 - a new market research report on

Zambia´s mining sector is set to continue the recovery seen over the last decade. The country had declining copper output throughout the 1990s, but a mixture of low taxes, privatisation and elevated copper prices has seen a substantial boost to investment and output. We expect the value of the mining sector to reach US$899bn by 2017, from US $782mn in 2012, marking an annual average growth rate of 2.8%.

Zambia´s mining sector has been highly amenable to foreign investment since the privatisation of statecontrolled Zambia Consolidated Copper Mines (ZCCM) at the end of the 1990s. Indeed, while one of the opposition parties, the Patriotic Front, has stated that it seeks greater control of the mining sector and will increase taxes on



mining companies, our Country Risk team expects the ruling party to remain in power and sustain the country´s investorfriendly outlook.

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Mike King
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