World Bank2012-03-192012-03-192011-06-01https://hdl.handle.net/10986/2772This report is part of a series produced by the World Bank's Africa Finance and Private Sector Development Unit (AFTFP). This report explores the potential contribution that the copper mining industry could make to jobs and prosperity in Zambia, and what it will take to achieve this potential. Copper has for many years played an important role in Zambia's economy, and the performance of the economy has followed the fortunes of copper mining closely. This report investigates the role copper mining could play in achieving the government's objectives of increasing economic growth and jobs in the future. Although 40 percent of the country has not been geologically surveyed, Zambia is recognized by the international mining industry as having good mineral potential. Zambia possesses 6 percent of known world copper reserves. According to the highly-respected Fraser Institute survey of mining and exploration companies, Zambia ranks 26th out of 79 jurisdictions worldwide for mineral potential. In Africa, only the Democratic Republic of Congo (DRC) and Burkina Faso have appreciably higher mineral potential scores.CC BY 3.0 IGOACCOUNTINGAGRICULTUREARBITRATIONAVAILABILITY OF RESOURCESBALANCE OF PAYMENTSBANK LENDINGBANKING SYSTEMBASE METALSBASIC METALSBENEFICIARIESBENEFIT ANALYSISBUSINESS ENVIRONMENTCASH FLOWCASH FLOWSCOBALTCOMMODITYCOMMODITY PRICESCOMPARATIVE ADVANTAGECOMPETITIONSCOMPETITIVE MARKETSCOMPETITIVENESSCONSUMER DURABLESCOPPERCOPPER MINECOPPER MINESCOPPER MININGCOPYRIGHT CLEARANCECOPYRIGHT CLEARANCE CENTERCORPORATE TAXCORPORATE TAXESCOST ANALYSISCOUNTRY RISKCURRENCYDEPOSITSDEVELOPMENT AGENCYDEVELOPMENT BANKDIVIDENDDIVIDENDSECONOMIC ACTIVITYECONOMIC GROWTHECONOMIC LIFEECONOMIC STABILITYECONOMICSEMERGING ECONOMIESENVIRONMENTALENVIRONMENTAL COSTSENVIRONMENTAL IMPACTSENVIRONMENTAL ISSUESENVIRONMENTAL REGULATIONSEQUIPMENTEXCHANGE RATEEXCHANGE RATESEXPENDITUREEXPLOITATIONEXPLORATION ACTIVITYEXPLORATION AND MININGEXPLORATION COSTSEXPLORATION EXPENSESEXPLORATION LICENSESEXPORT BASEEXPORTEREXPORTERSEXPORTSFINANCIAL CRISISFINANCIAL RESOURCESFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN INVESTMENTFOREIGN INVESTORSGDPGDP DEFLATORGEOLOGICAL INFORMATIONGEOLOGICAL SURVEYGEOLOGICAL SURVEYSGLOBAL ECONOMYGOOD GOVERNANCEGOVERNMENT INTERVENTIONSGOVERNMENT POLICIESGOVERNMENT REVENUEGOVERNMENT REVENUESGROSS DOMESTIC PRODUCTGROSS VALUEGROWTH RATEHOLDINGHOLDINGSHUMAN CAPITALHUMAN DEVELOPMENTINCOMEINCOME TAXINFLATIONARY PRESSURESINTERNAL REVENUEINTERNATIONAL BANKINTERNATIONAL COURTINTERNATIONAL DEVELOPMENTINTERNATIONAL MARKETSINTERNATIONAL MININGINTERNATIONAL STANDARDSINVESTINGINVESTMENT CLIMATEINVESTMENT MANAGEMENTINVESTOR CONFIDENCEJOB CREATIONJOINT VENTUREJURISDICTIONJURISDICTIONSLABOR COSTSLABOR FORCELABOR PRODUCTIVITYLACK OF TRANSPARENCYLAND CLAIMSLAND USELARGE-SCALE INVESTMENTLEGAL DISPUTELEVIESLEVYLIQUIDITYLOCAL GOVERNMENTMANUFACTURING INDUSTRYMARKET SHAREMEDIUM ENTERPRISEMETALSMINE CLOSUREMINERAL POTENTIALMINERAL PROJECTSMINERALS DEVELOPMENTMINERALS INDUSTRYMINESMINING ACTIVITIESMINING AND MINERALSMINING AREASMINING COMPANIESMINING COMPANYMINING INDUSTRYMINING INVESTMENTMINING LICENSESMINING OPERATIONSMINING POLICIESMINING PROJECTMINING TAX REGIMEMINING TAXATIONNATURAL RESOURCENATURAL RESOURCESNEGATIVE SHOCKSOLD MINESOPERATING ENVIRONMENTOPPORTUNITY COSTORESOUTPUTPAYMENT OF DIVIDENDSPLEDGESPOLICY ENVIRONMENTPOLICY MAKERSPOLITICAL STABILITYPOLITICAL SYSTEMPOTENTIAL INVESTORSPOWER OUTAGESPRICE BENCHMARKPRICE RISKPRICE VOLATILITYPRIVATE SECTOR DEVELOPMENTPRIVATIZATIONPRODUCERSPRODUCTION COSTSPUBLIC INVESTMENTPUBLIC POLICYQUARRYINGRAPID ECONOMIC GROWTHRAPID GROWTHRATE OF RETURNREAL GROWTH RATESREFININGREMITTANCESREPUTATIONRESERVESRESOURCE CURSERESOURCE DEPLETIONRETAINED EARNINGSRETURNRETURN ON INVESTMENTRETURNSRISK PREMIUMROYALTY PAYMENTROYALTY PAYMENTSSAVINGSSETTLEMENTSOCIAL INVESTMENTSOCIAL ISSUESOCIAL ISSUESSTOCKSSULFURIC ACIDTAILINGSTAXTAX CONCESSIONSTAX POLICIESTAX RATETAX REGIMETAX REGIMESTAX REVENUETAX REVENUESTAX STRUCTURETAXATIONTECHNOLOGICAL ADVANCESTELECOMMUNICATIONSTRANSACTIONTRANSPARENCYTREASURYURBANIZATIONVALUE ADDEDVOLATILE EXCHANGE RATEWAGESWITHHOLDING TAXWITHHOLDING TAXESWORLD MARKETWTOWorld Bank10.1596/2772