last checked the the global copper prices. Another look confirms the general upward trend. We have long breached the copper price level at which President Mwanawasa introduced the windfall tax (in January 2008), with prices now oscillating between $7000 and $8000 per tonne. The windfall tax was designed to match rises in the price of copper: it was set at 25 percent while copper sold for $2.50 per pound, 50 percent for the next 50 cents and increased to 75 percent when copper fetched above $3.50 per pound.
Meanwhile, Ng'andu Magande has now firmly joined the "yes camp" as pressure continues to to grow on the Banda government to see sense on this life and death issue. The people want to see the Mwanawasa fiscal regime restored. As we continue to say, either we see change in this area or we all concede the mining companies are shamefully dribbling our people through state machinery.