Zambia’s copper output increases amid foreign debt default
Zambia, Africa’s second-largest copper miner, produced 646,111 tonnes of the metal in the first nine months of 2020, up from 590,321 tonnes in the same period last year, official figures show. The country’s mines and minerals ministry attributed the 9.45% rise to increased mine output. He said the Central African nation now expects total production for the year to reach 820,000 tonnes, driven by rising copper prices. This comes as good news to Zambia, which missed a $42.5 million interest payment on part of its international debt last week, becoming…
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