Zambia is endowed with substantial mineral
resources. However the major metal, which has been exploited for nearly
a century, is copper.
Since the establishment of Zambia as a nation,
copper has been and still is, the single largest contributor to the
Zambian economy. Depressed copper prices on the International markets,
plus the under-capitalization of our copper mines, have resulted in
severe constraints on our economy.
To address this problem and in order to
ensure that the mining industry continues to play a crucial role in
National development, the Government has begun to take bold steps.
A new
Mining Act was put into place in 1995. the main features of the act
were: the divestiture of government from the business of mining through
privatization of the mines; the liberalization of the fiscal policy; and
the provision of several tax concessions to mining companies.
We aim here, to provide the investor with
detailed information on Zambia as a mining investment destination. We
would like to demonstrate the wide range of opportunities in mining in
our country, in addition to copper mining.
