Share post:

TODAY’S spot price for copper is $6,220 per tonne and multiply that by 400,000 tonnes per year and you are talking $2.488 billion in revenue.

Today’s spot price for cobalt is $34,011 per tonne and multiply that by 210,000 tonnes per year and you are talking $7.142 Billion in revenue.

And yet, everyone is thinking about externalization of almost $9.6 Billion at full capacity of our natural resources from KCM alone instead of internalized revenue back to BoZ in direct foreign exchange earnings by talking foreign investors.

It’s time we owned these mines and keep this money home … a management buyout will create our own Zambian billionaires.

Let’s roll …

B R Mumba, Snr


Please enter your comment!
Please enter your name here


Related articles

Kenyan teachers held over video of pupils simulating sex

Kenyan police have arrested six teachers from a primary school in the western part of the country over a video shared widely showing pupils simulating sexual acts as the teachers watch.

Zambians face fines for using phone while crossing roads

The authorities in Zambia have passed a law that prohibits pedestrians from crossing the road while wearing headsets or talking on a mobile phone.

Kenya opposition leader faces lawsuit over secret video claim

Kenya's former electoral commission boss has threatened to take legal action against the opposition leader after the politician alleged that the poll team, including the chairman, visited his home during last year's closely fought election, local media report.

Fuel price rise in Cameroon as subsidies scrapped

Fuel prices in Cameroon will rise by about 15% from Wednesday after the government agreed to pressure from the International Monetary Fund (IMF) to cut fuel subsidies.