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Under opposition pressure, the government seeks better terms from the latest set of investors in its copper mines

The world price of copper has taken a tumble. Despite the talk of a never-ending Chinese-driven boom, the price of the metal on the London Metal Exchange has fallen by about 25% since October, to roughly its December 2006 price. Zambia has not noticed. On 4 December, its Finance Minister, Ngandu Magande, announced that his government would next year adjust upwards the royalties and taxes it levies on the mining industry....

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Keywords:

Chinese, Ngandu Magande, Zimbabwe, Tanzania, Namibia, Botswana, Mozambique, Angola, Peru, Britain, Finland, Germany, Netherlands, Norway, Sweden, Michael Sata, Oswell Munyenyembe, India, Australia, Switzerland, Levy Mwanawasa, Frederick Chiluba, South Africa, Pranill Ramchander, Africa Confidential

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