Nationalizing The Zambias Mining Sector

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A recent review of Zambia´s mining sector shows the country remains an appealing place for investment, and integrating the mineral sector into national development planning is a crucial driver for sustainable development in Zambia.

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mining conglomerate, Zambia Consolidated Copper Mines (ZCCM) was made. ZCCM was in charge of copper production, and a separate company under the name of Metal Marketing Company of Zambia (MEMACO) was responsible for the marketing and sale of Zambian copper (Meller and Simpasa, 2010).

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The mining sector, after nationalisation, could take a very long time to boast a profit. Resources are scarce, therefore during this time, resources may become depleted, resulting in huge losses for the South African economy.

Nationalization - Wikipedia

Nationalization (or nationalisation) is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or assets owned by lower levels of government, such as municipalities, being transferred to the state.

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