Share

Floods hit Zambia copper output

Lusaka - Zambia's finished copper output for the six months to June has declined by 15% to 229 102 tonnes compared with the first half of 2006, the central bank said on Tuesday.

The Bank of Zambia (BoZ) said most copper mines had not reached their normal production levels by June after experiencing floods earlier in the year and that an export ban for copper ore by Democratic Republic of Congo (DRC) authorities in March had also affected production.

The BoZ governor Caleb Fundanga said Zambia produced 229 102 tonnes of copper compared with 264 252 tonnes in the same period last year while cobalt production also declined to 2 172 tonnes from 2 393 tonnes the previous year.

Fundanga said the mineral-rich southern African country exported 208 681 tonnes of copper to earn $1.4bn compared with 249 425 tonnes of copper exported in the first six months of 2007, while cobalt exports were recorded at 1 953 tonnes compared with 2 347 tonnes the previous year.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.29
-0.7%
Rand - Pound
23.87
-1.1%
Rand - Euro
20.58
-1.2%
Rand - Aus dollar
12.38
-1.1%
Rand - Yen
0.12
-1.2%
Platinum
943.50
+0.0%
Palladium
1,034.50
-0.1%
Gold
2,391.84
+0.0%
Silver
28.68
+0.0%
Brent-ruolie
87.29
+0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders