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background zambia’s major economic activity is mining, and as at 2005, mining contributed about 65% of export earnings. major minerals are copper and cobalt copper production stands at 465,000 mt, and is expected to reach about 700,000 mt by 2010. 2 big copper mines (new) to being developed, and several small ones.
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konkola copper mines (kcm) is the largest copper mining company in the country. although based in chingola, 15% of its operations—namely nkana refinery, nkana acid plants and nkana smelter (the largest smelter in the nation) -- are located in kitwe. the nkana smelter is the largest primary copper production plant in zambia.
zambia is home to the zambian copperbelt province, a region that hosts world class copper deposits. zambia is most famous for its reserves of copper and cobalt, however, the country is also a
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f our big mines dominate zambia’s copper production, complemented by several smaller players who also play an important role. all the mines are backed by a wide range of respected international investors. the zambian government, through its investment-holding company zccm-ih, is a minority shareholder in nearly all of them – and is, in effect, the biggest shareholder in zambia’s mining