financetom
Business
financetom
/
Business
/
Zambia says copper output may rise to almost 1 million tons in 2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zambia says copper output may rise to almost 1 million tons in 2025
Apr 4, 2025 8:38 AM

LUSAKA, April 4 (Reuters) - Zambia's copper output is

forecast to rise to about 1 million tons this year from about

820,000 metric tons produced last year, finance minister

Situmbeko Musokotwane said in a statement.

Copper output in Africa's second-largest producer of the

metal is being boosted by revival of mines including Lubambe,

Luanshya and Kalengwa, Musokotwane said.

The Zambian government aims to raise output of the metal to

about 3 million tons over the decade even though it struggled to

reach the 1 million ton output target over the years. Companies,

including First Quantum Minerals ( FQVLF ) and Barrick Gold ( GOLD )

, are pouring billions of dollars to ramp up production

at mines in the country.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India's Zee forms committee to review business performance
India's Zee forms committee to review business performance
Mar 26, 2024
BENGALURU, March 26 (Reuters) - India's Zee Entertainment Enterprises has formed a committee that reviewed its management's business performance and provided guidance, the beleaguered broadcaster said on Tuesday. Businesses identified by the committee that need to substantially reduce losses include Zee's television channel 'Zindagi', the company's English cluster of linear TV business, and server technology company Margo Networks. The move...
Trinity Capital Prices $100 Million Notes Offering
Trinity Capital Prices $100 Million Notes Offering
Mar 26, 2024
06:11 AM EDT, 03/26/2024 (MT Newswires) -- Trinity Capital ( TRIN ) said late Monday it has priced an underwritten public offering of $100 million of its 7.875% notes due 2029. The notes are being issued at 100% of the principal amount per note. Underwriters have been granted a 30-day option to purchase additional notes in an amount up to...
Silvercorp's Offer For Orecorp Lapses
Silvercorp's Offer For Orecorp Lapses
Mar 26, 2024
06:05 AM EDT, 03/26/2024 (MT Newswires) -- Silvercorp Metals Inc. ( SVM ) overnight Monday said it did not satisfy the 50.1% minimum acceptance condition before its off-market takeover bid for all ordinary shares of OreCorp Limited expired March 22. Silvercorp has elected not to exercise its right to match a competing offer for OreCorp, the company said. Silvercorp will...
Hungary will not reintroduce import ban on Ukrainian honey despite protests
Hungary will not reintroduce import ban on Ukrainian honey despite protests
Mar 26, 2024
BUDAPEST (Reuters) - Hungary will not reintroduce a ban on honey imported from Ukraine despite demands by honey farmers who have protested saying cheap honey from Ukraine pushed down prices and threatens to drive them out of business. Prime Minister Viktor Orban's government imposed a ban on imports of 24 agricultural products from Ukraine last year including grains, pork, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved