The prospects of Zambian mining companies making real returns on their investment looks promising as the price of copper on the international market continues to raise.
Copper on the London Metal Exchange is now trading at 5772 U.S dollars a tonne.
This is up from last Tuesday’s offer price of 5,735 U.S dollars a tonne.
And on the money market, the Kwacha made significant gains on Tuesday
A slack in dollar demand and an improved inflow of U.S dollars from exporters converting to meet their quarterly tax payment obligations enabled the kwacha to gain.
The local unit was yesterday trading at 9-kwacha 43 ngwee and 9-kwacha 48 ngwee on a bid and offer respectively.
The Zambia National Commercial Bank-ZANACO says the kwacha is expected to remain bullish in the near term, trading between 9-kwacha 40 ngwee and 9-kwacha 50 ngwee.
This will be coupled with more support coming from the up-coming Treasury bill auction.
(ZNBC)
What is the exchange rate of HH TO ECL …MUKOBEKO
Dose’nt change the fact that most Zambians are suffering
Dosen’t change the fact that most Zambians are suffering
This is good news for crooks like Vedanta Resources Chairman, Anil Agrawal…we have a useless tax collection structure formulated by dull corrupt ministers like Yaluma.
This is the reason why HH and co. Are going for broke to create violence. A smokescreen to ensure people are kept busy while frustrating the workings of the state.
With Hakainde safely ‘inside’, it will soon reach 7,000
What a Zambian, your police has openly shown you how incompetent and how their intelligence system is so fourth world, and you feel safe, if your police had super intelligence the question you should ask is why would they with 600 men and every security device at their disposal decide to take their boss to a place were they now feel his life was under threat, a normal security conscious police would have noted that threat and aborted the trip, and probably used air traffic. With such security i will sleep with my eyes wide open.
Oela you don’t know what you are talking about. Just go KU dundumwezi and it usala. Useless charp.