December 29th, 2010

Copper price keeps investors keen: Zambia chamber

LUSAKA (Reuters) - The high copper price will bring further hefty investment into the sector in Zambia next year, keeping it on track to produce an annual 1 million tonnes by 2012, the head of the body representing foreign miners said.

Chamber of Mines of Zambia president Nathan Chishimba said the trend seen in 2010, when Zambia attracted $2 billion in new mining investments, would continue and would further benefit from stable tax policies in the southern African country.

"I think the prospects for mining in Zambia... are very, very bright," Chishimba told Reuters in an interview on Wednesday.

"A high copper price ... permits flexibility by investors to plough back into improvements in production, improvements in efficiency and overall improvement in output.

Business Strategy in Three Steps: A Peter Drucker Lesson

Peter Drucker had a very simple definition of strategy—understanding where you are today, where you want to go tomorrow, and how you’re going to get there. I judge the quality of a company’s strategy by how well it fulfills those criteria: Does it assess, in real terms, where a business is today? Is the leadership clear about where they want to take the business? Have they thought through how they will get there? Peter’s simple definition should be the starting point for every company thinking about strategy.