HomeBase MetalsZambian copper production up 31%

Zambian copper production up 31%

Copper “’ Zambian
production is on
the way up
Lusaka, Zambia — MININGREVIEW.COM — 18 September 2009 – Zambia “’ Africa’s largest copper producer “’ increased its production of copper cathode from 337 146 tonnes between January and July last year to 442 322 tonnes in the corresponding period of 2009.

Announcing this in a statement here, the Bank of Zambia pointed out that this was an increase of more than 31%, or 105 176 tonnes.

The bank also revealed that cobalt production for the same period had dropped to 2 025 tonnes this year from 2 658 tonnes in the corresponding period in 2008.

It said Zambia had exported 415 781 tonnes of copper for the seven months to July this year compared with 316 874 tonnes of copper in the same period in 2008, a 31% rise of almost 99 000 tonnes.

Cobalt exports had dropped to 2 104 tonnes in the seven months to July this year compared with 2 719 tonnes in the same period last year.

Last week the Zambian Treasury projected a slight rise in overall 2009 copper output to 664 000 tonnes, compared with previous estimates of around the 600 000 tonne mark.

The Treasury went on to say that latest data indicated that output from the nation’s copper mines could be expected to increase by a further 5% in 2010.

“Total copper production in 2010 is projected to increase by about 5% from a projected 664 000 metric tonnes in 2009 to 697 000 metric tonnes,” the Treasury revealed in a medium term expenditure framework (MTEF) policy document.

It added that copper output would gradually rise to 750 000 tonnes per year by 2012.