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This book paints a vivid picture of Zambia's experience riding the copper price rollercoaster. It brings together the best of recent research on Zambia's mining industry from eminent scholars in history, geography, anthropology, politics, sociology and economics. The authors discuss how aid donors pressed Zambia to privatize its key industry and how multinational mining houses took advantage of tax-breaks and lax regulation. It considers the opportunities and dangers presented by Chinese investment, how both companies and the Zambian state responded to dramatic instabilities in global commodity markets since 2004, and how frustration with the courting of mining multinationals has led to the rise of populist opposition. This detailed study of a key industry in a poor Central African state tells us a great deal about the unstable nature and uneven impacts of the whole global economic system.
Copper King in Central Africa offers a detailed account of the corporate history of the Rhokana/Rokana Corporation and its Nkana mine. Thematically and chronologically organised, it explores the discovery of viable ores on the Northern Rhodesian/Zambian Copperbelt in the late 1920s, which attracted foreign capital from South Africa, Britain and the USA, prompting the development of the Nkana mine and the formation of the Rhokana Corporation in the early 1930s. It follows through the evolution of the copper mining industry up to the re-privatisation of the Zambian mining sector in 1991. The book ties into a single narrative the disparate themes of corporate organisation, labour relations, and profitability of Rhokana, demonstrating how the firm was, for a time, the most important mining entity in the Northern Rhodesian/Zambian mining industry. Rhokana was both an investment firm on the Copperbelt and a mining company through Nkana mine. Thus, the Corporation was central to the development and profitability of the copper industry in Zambia. Its corporate and labour policies influenced the Copperbelt as a whole. Employing the largest labour force in the mining sector, Rhokana spearheaded the labour movement on the Copperbelt. Its Nkana mine was also the largest producer of copper in the Northern Rhodesian mining industry between 1940 and 1953, and contributed hugely to the war economies of Britain and the USA. Throughout its history, Nkana was also a major source of cobalt. After nationalisation of the mining sector in 1970, Rhokana surrendered its investments in the wider copper industry, but remained central to the Copperbelt’s smelting and refining operations, owning the biggest metallurgical facilities in the industry.
The legacy of the British South Africa Company: the historical background -- Prospecting and mining activity, 1895-1970 -- Growth and the structure of the economy -- The background to participation -- Tax reform in the mining industry -- The takeover -- The prospects for new mine investment.
Monograph examining employment and wages changes affecting copper miners and the copperbelt of Zambia, following indigenization (zambianization) and partial nationalization - outlines historical aspects including the approach to zambian independence and the following decade to 1975, discusses unemployment, income distribution, labour supply, labour costs, labour demand and wage rates, and considers prospects in relation to various economic policies. Diagrams, graphs, references and statistical tables.
This report examines the reasons for the demise of Africa's mining performance, and proposes a strategy for accelerating mining sector growth so that the sector can make a greater contribution to economic activity in the region. The report draws heavily on the experience of World Bank mining work in Africa as well as other regions. The report includes an analysis of mining legislation and taxation arrangements in five countries which have been relatively successful in attracting new private sector mining investment. It also makes use of the results of a survey of the decision making processes and criteria of over forty mining companies regarding exploration and investment in developing countries. At various stages, key insights and findings from the report have been reviewed and discussed on a selective basis with industry experts, potential investors, interested government officials and the academic community.