Bureau of Mines / Minerals yearbook: Area reports: international 1971
Year 1971, Volume 3 (1971)
Greenspoon, Gertrude N.
Zambia, pp. 923-930 PDF (795.0 KB)
92~The Mineral Industry of Zambia By Gertrude N. Greenspoon1 Production of copper, the predominant commodity in the Zambian mineral industry, did not regain the level existing prior to disruption of operations at the Mufulira mine in September 1970. The reduced output together with lower copper prices resulted in a drop in value to $620 million from $908 million 2 in 1970. The copper industry, however, continued as the main provider of government revenue. Since 1965, copper has accounted for over 90 percent of total export values. Although the first national development plan was to end in 1970, it was extended until the end of 1971. The extension provided time to assess Zambia's past economic reforms. The second national development plan, effective January 1972 to December 1976, will give priority to rural development. Mindeco, Ltd., a State corporation operating under the Ministry of Mines and Mining Development, which had acquired 51 percent interests in the copper, lead, and zinc mines, was planning expansions in the small mines sector. These included an emerald deposit near Kalulushi and a tin mining cooperative in the Choma district. The Metal Fabricators of Zambia (ZAMEFA) manufacturing plant at Luanshya began operations in February. The corn- pany will supply about 80 percent of Zambia's demand for finished and semifinished products. The remainder of demand, consisting of highly specialized products, will continue to be imported. By yearend the Export Import Bank (EXIM) was considering requests for expansions in the Zambian copper industry. A Nchanga Consolidated Copper Mines, Ltd. (NCCM) loan would approximate $30 million, and that of Roan Consolidated Mines, Ltd. (RCM) about $20 million. Both loans would cover purchase of U.S. goods and services for expansion of mining and processing facilities. Financial arrangements for each would be 10 percent cash payment, 45 percent EXIM direct credit, and 45 percent commercial bank credit with EXIM guarantee or repayment. Proposed repayment terms would be 10 years beginning in early 1974. The 1,100-mile Tan Zam Railway scheduled for completion in 1975 was about a year ahead of schedule. Work was begun from the port of Dar es Salaam, Tanzania, on the Indian Ocean and was nearing the Zambia border by yearend 1971. Difficulties experienced in obtaining generators, transformers, and other equipment for the Kafue hydroelectric plant increased costs from $193 million to $202 million. Construction of the project was proceeding steadily. PRODUCTION The value of mineral production totaled $659 million in 1971, a 30-percent decrease from 1970, and was the lowest since 1965. Output of blister and anode copper and electrolytic copper dropped 6 and 8 percent, respectively, reflecting limited activity at the Mufulira mine. A 7-percent increase was recorded in electrolytic zinc produc tion, and a small gain was made in refined lead output. Coal production rose 30 percent to a record high. I Mineral specialist, Division of Nonferrous Metals. 2 Where necessary, values have been converted from the Zambian currency kwacha to U.S. dollars at the rate of K1.OOUS$l.40.
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