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Copper|Mining
Copper|Mining
copper|mining

COPPER COMEBACK

COPPER COMEBACK: Zambian President Hakainde Hichilema says he wants to triple copper output in the next decade, an ambitious target that would require $30-billion of investment, according to analysts at BMO Capital Markets. Bloomberg reports that Hichilema is going out of his way to woo investors and repair damaged relations. For their part, mining majors, including those that have been forced to retreat from the country previously, such as Anglo American, are showing renewed interest.

Photo by Bloomberg

27th May 2022

     

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Zambian President Hakainde Hichilema says he wants to triple copper output in the next decade, an ambitious target that would require $30-billion of investment, according to analysts at BMO Capital Markets. Bloomberg reports that Hichilema is going out of his way to woo investors and repair damaged relations. For their part, mining majors, including those that have been forced to retreat from the country previously, such as Anglo American, are showing renewed interest. Photograph: Bloomberg

Edited by Creamer Media Reporter

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