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MINING INDABA 2012: Zambia has no mine nationalisation policy

February 08, 2012 - 09:33 GMT Location: Cape Town

KEYWORDS: Zambia , Simuusa , copper , nationalisation , Metal Bulletin , Janie Davies

Zambia does not have a nationalisation policy for its mines, Wylbur Simuusa, the country’s minister of mines and natural resources told delegates at the Mining Indaba in Cape Town.

“I would like to take this opportunity to allay investors’ fears. There is no policy in Zambia to nationalise the mines,” the minister said. Zambia, which already produces around 3% of the world’s copper, aims to increase annual copper production to at least one million tonnes by...

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