31 January 2013

Zambia Blocks Copper Exports to Boost Local Processing

Zambia's Minister of Mines and Energy Yamfya Mukanga has stopped First Quantum Minerals Limited (FQM) from exporting the 60,000 tonnes of copper concentrates for processing.

He said the mining firm has to first exhaust all available means in Zambia before taking it to neighbouring countries.

Mukanga said the PF government was examining all smelters in the country to ascertain their processing capacity before considering whether FQM or any other mining company could be allowed to take the copper concentrates outside the country.

"Government is not very keen on letting the copper concentrates leave the country for processing. We are working hard to ensure that this consignment of Copper which is worth about US$100 million is processed within the country," Mukanga said.

He said his ministry had asked the mining firm to submit their request in writing on how best to get rid of the copper concentrates while considering the information that was received on the ground.

Mining giant, First Quantum Minerals is seeking to export 60,000 tonnes of copper concentrates from its Kansanshi Mine in Solwezi because the smelters on the Copperbelt province were heavily congested.

Copyright © 2013 Zambia Reports. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.