Not my words, James Robertson's, Head of Global Markets at Standard Chartered Bank in Johannesburg. Actually his exact words were:
On a broader basis, the Copperbelt in northern Zambia and the southern Democratic Republic of Congo, has the potential to produce two million tons of copper a year within the next 10 to 15 years. This would require investment in infrastructure, communications, and mine construction, in excess of $20-billion. This means the Zambian economy will be triple its current size in 20 years time.....the expansion is not only in mining, there are also deals in construction and agriculture, totalling investment of over $30-million, which would be completed by the end of 2007. It certainly seems Zambia is the place to be for foreign investors. Reuters this week gave a snap shot of what is going through the minds of some mining investors :
In Zambia, African Energy Resources Ltd is bullish on finding uranium and says any deposit could be developed much more quickly than back home in Australia, where there is political opposition to new uranium mines.
"Zambia is one of the best places around in our view for making projects happen," Executive Chairman Alasdair Cooke told the conference. The country has good infrastructure, stable politics and experienced mining labour, he added. Zambia also hosts the Karoo basin geology and African Energy has identified a rich area of prospects for uranium in joint ventures with Albidon Ltd
"We're looking at nearly 1,000 km of strike length through this area, with occurrences all the way through it and we've only started to scratch the surface of it," Cooke said. The firm's most advanced project is Njame North, where an inferred mineral resource of 5.5 million tonnes at 400 parts per million of U3O8 has been identified.