Tag: global financial crisis
Zambia’s Copper Output Down In January 2009 Closures Mine
Mar/17/2010 | Under : Aluminium, Companies, Copper Mine, Exploration, Mineral Exploration
Copper production in Zambia, Africa’s largest copper producer, fell 13 percent in January 2010 compared with January 2009 due to earlier mine closures but analysts said there were good prospects for higher output.
Zambia has previously said copper production could hit 1.0 million tonnes by 2011 as new mines come on stream and expansions and upgrades take place at existing mines.
Its copper production declined to 54,518 tonnes in January this year from 62,621 tonnes in the same month last year, the central bank said on Tuesday.
Copper exports in January 2010 increased to 56,676 tonnes versus 55,199 produced in 2009, the Bank of Zambia (BOZ) said. (continue reading…)
Global Economic Focus : China Wary Of “Double Dip” Economic Crisis This Year
Mar/14/2010 | Under : Economy, Investment
China vowed Sunday to remain alert to any renewed signs of economic crisis, but said it will hold the line against critics urging an appreciation of its currency and will not seek an aggressive leading role in world affairs.
Premier Wen Jiabao also repeated China’s stance that a recent dip in relations with the United States was entirely the fault of Washington for allowing the Dalai Lama to visit the U.S. and approving the sale of arms to Taiwan.
“The responsibility does not lie with the Chinese side, but the United States,” Wen said. “We hope the U.S. will face the issue squarely … so as to restore and improve China-U.S. relations.”
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