INTRODUCTION TO Zambia

Zambia is a stable and vibrant country, located well within the tropics in central Africa.

Geologically the country is favored with an abundance of mineral resources. Zambia boasts one of the worlds most important and complex metallotects with enormous reserves of copper-cobalt, gold, uranium, nickel, lead-zinc, iron and manganese.

The Government of Zambia has taken significant steps to stabilize the economy and has created a positive investment climate which is particularly favorable to the exploration of these and the numerous other mineral and energy sources.

INVESTMENT OPPORTUNITIES

Zambia is endowed with substantial mineral resources. However the major metal, which has been exploited for nearly a century, is copper.

Since the establishment of Zambia as a nation, copper has been and still is, the single largest contributor to the Zambian economy. Depressed copper prices on the International markets, plus the under-capitalization of our copper mines, have resulted in severe constraints on our economy.

To address this problem and in order to ensure that the mining industry continues to play a crucial role in National development, the Government has begun to take bold steps.

We aim here, to provide the investor with detailed information on Zambia as a mining investment destination. We would like to demonstrate the wide range of opportunities in mining in our country, in addition to copper mining.

EXPLORATION POTENTIAL

The complex geological evolution of Zambia, together with the abundance and diversity of mineral deposits and other natural resource deposits, are pointers towards the considerable potential for discovery of new occurrences through exploration based on empirical models driven by known deposits and exploration formulated on conceptual models.

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COMPANIES MINING IN Zambia


LEGISLATION & MINING POLICY OVERVIEW

ZambiaíS ECONOMY

Inflation has fallen drastically from 200% in 1990 to 18% now

Bank lending rates have fallen from over 110% in 1993 to around 37%

The trade balances showed surplus in 1997 of US$ 76 million compared to a deficit 0f US$220 million in 1996

Non-traditional exports (i.e. excluding copper and cobalt) generated 26.4% of export revenue during 1997 and have shown an average growth of 24% since 1990