Regional Research: Zambia Outlook and Overview
Zambia is well-endowed with mineral resources, particularly copper, possessing one of the world’s highest-grade deposits with deep reserves. Mining has been the economic backbone since the 1930s, and in the last three decades, the Zambian Environmental Management Agency (ZEMA) began leniently issuing mining and exploration licenses, encouraging the construction of large commercial mines across the country. Recently, Zambia has stabilised tax regimes in mining and have made supply chain agreements with the Democratic Republic of the Congo as they share the Copperbelt – once the largest copper-producing area worldwide. As such, Zambia’s mining industry and economy is expected to grow significantly over the short and long term.
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