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Brakes put on Zambian copper

As Africa’s biggest copper producer, Zambia has attracted billions of dollars in new mining sector investment over the past few years. Higher levels of economic growth have been driven by increased copper exports that have boosted rail demand in the landlocked central-southern African state.
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Yet there are indications that new mining regulations, including higher taxes, have prompted the suspension of several mining projects. The head of the Chamber of Mines of Zambia (CMZ), Frederick Bantubonse, says that there is some doubt within the industry whether Zambia will reach the government’s target of producing 1 mtpa of copper by 2009.

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