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Economic Contribution

The economy of contribution takes place, in the manner of a general economy, alongside the market, public and gift economies: Through regulation by prices, public decision making and by the principle of reciprocity, the economy of contribution replaces regulation by the interactions of participation (both quantitative and qualitative) within an activity.

At Mining for Zambia, we often talk about the world’s growing appetite for copper, but it can be difficult to fathom just how quickly demand is soaring. Try this: an additional 7 million tonnes of the red metal will...
With His Excellency President Hakainde Hichilema’s drive for a New Dawn for Mining in Zambia, ZCCM-IH – which holds stakes in many of the country’s mining operations – appears to have entered a new and dynamic phase. Mining For Zambia...
Zambia imposes a Concentrate Import Tax (CIT) New Year’s Day was no party for copper smelters in Zambia. The government has implemented a duty on imported copper concentrates that it had first announced in the national budget speech in September...
The aftermath of the annual budget speech in Zambia is hardly the most thrilling of events; but this time around, at the annual KPMG-hosted budget debriefing in Lusaka at the Intercontinental Hotel, there was a distinct sense of something...
by Maya Forstater (originally posted on LinkedIn) On Monday it was widely reported that an $8billion “tax scam” by an unnamed prominent mining company had been discovered. On Tuesday First Quantum Minerals (FQM) gave a short statement: "The Company unequivocally refutes this assessment which does...
In September 2017, the Economics Association of Zambia called on the Zambian government to create a mineral stabilisation fund to help the country weather economic downturns. When copper prices are high, a portion of Zambia’s mining revenues would be invested...
Zambia is currently ranked as the world’s 30th most attractive mining destination in the world. This is according to the latest rankings from the Fraser Institute, a Canadian think tank, which looks at various aspect of economic freedom. One...
A worrying development emerged last week at this year’s ZIMEC conference in Lusaka, which, if not addressed, could well result in the failure of Zambia’s plans for diversification. Mukula Makasa, Director of Enterprise Development at the Zambia Development Agency, told...
Copper accounts for most of Zambia’s exports, most of its foreign exchange, most of its foreign direct investment and a significant slice of government tax revenue. Entire towns on the Copperbelt and North-Western province owe their existence to the presence...
What does a mining investor look like? Is it a powerful, cigar-chomping businessman in a power suit sitting in a corner office in New York? Or is it more likely to be an ordinary working or retired person; somebody...