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Zambia Copper Output to Rise 4% to Record, Lobby Group Says

  • Power price resolution could come within ‘weeks’, chamber says
  • Government won’t ‘choke’ mining companies with power costs
Copper
Photographer: Carla Gottgens/Bloomberg
Updated on

Zambia’s copper output will climb by about 4 percent to a record this year as operators near a resolution with government over power prices, according to the Chamber of Mines in Africa’s second-biggest producer of the metal.

Production will increase to about 800,000 metric tons, said Nathan Chishimba, president of the lobby group. That would be higher than the 770,600 tons mined last year, and exceed a previous record of about 790,000 tons in 2013. The forecast is less optimistic than a projection by Christopher Yaluma, the mining minister, who sees output jumping to 850,000 tons.