Copper in Zambia has been mined for hundreds of years and is by far the most exploited mineral resource. The history of mining copper originally dates back to the establishment of Zambia as a nation. The Zambian Mining Industry has always been the most significant contributor to the country’s economy.
As a means to ensure that the Zambian Mining Industry maintains its vital success and contribution towards the economy, Zambia’s government has focused heavily on the further development of the Zambian Mining Industry. A new Mining Act was put in place in 1995. The main features of the Act are:
- the divestiture of government from the business of mining through privatisation of the mines;
- the liberalisation of the fiscal policy;
- the provision of several tax concessions to mining companies.
There is great mineral potential that exists in Zambia and government officials aim to provide the investor with detailed information on Zambia as a mining investment destination and to demonstrate the wide range of opportunities pertaining to copper mining. Foreign investors are encouraged by the government to make full use of the wide range of services available within the Zambian Mining Industry.
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