Zambia EITI Report 2010

From Zambian Economist Fri Mar 8 2013, 00:12:00

Government revenues from mining in Zambia increased by almost 50% in 2010, to US $750 million. This was disclosed when Zambia published its 2010 EITI Report in Lusaka on 22 February 2013.

The 50% rise is explained by a 16% increase in copper production and booming copper prices worldwide (up 25% from 2009).

On launching the report, Zambia's Minister of Mines, Hon Yamfwa Mukanga said that being transparent about the Zambia's revenues is necessary in order for "Zambian citizens to maximise benefits from the mining sector".

Mining is a crucial part of the Zambian economy, with the direct contribution to GDP being about 11% in 2010 (US $590 million) and expected to grow to US $1.35 billion in 2015, according to the EITI report. The indirect contribution might be as much as half the economy. Copper exports of US $5.8 billion accounted for 78% of the Zambia's total exports in 2010.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Lesotho:   Region Steps In Over Lesotho Security Crisis (news)
SAnews.gov.za
4 July 2015

Pretoria - SADC leaders who sit in the Troika of Heads of State and Government have approved the establishment of an oversight committee to assess political stability in Lesotho. [read more]

Africa:   Could Africa Blaze the Trail on Climate? (analysis)
South African Institute of International Affairs
3 July 2015

Ahead of the UN Conference of Parties (COP 21) meeting in December 2015, which it is hoped will deliver a universal, legally binding climate agreement to succeed the Kyoto Protocol by 2020, Paris is ... [read more]

Nigeria:   President Slams 'Inhuman and Barbaric' Attacks (news)
Al Jazeera
4 July 2015

The Nigerian president has condemned a fresh wave of violence in the country's north, calling the attacks, blamed on Boko Haram, "inhuman and barbaric". [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!