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Copper Ore Mining Equipment Supplier In Zambia. 2018-10-17 14:57:35. Copper Ore Mining in Zambia. Zambia plays an important role in the global copper mining industry. The country contains the largest known reserves of copper in Africa, holding 6 percent of known copper reserves in the world.
Zambia's finance minister said mining royalties — currently ranging between 4-6-percent — would increase by 1.5 percent. A new 10 percent tax will be levied on copper producers when the metal's price is above $7,500 per ton.
The vulnerability of Zambia's economy due to its reliance on copper mining has been exposed in the very recent past by the falling copper price and by falling production as a result of limited reinvestment in the mining industry.
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