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The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
*In February 2024, Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) approved the acquisition of a 51 percent stake worth 25.5 bn kwacha (US$1.1 bn)in Mopani Copper Mines Plc by Delta Mining Limited a subsidiary of International Resource Holdings (IRH) that is headquartered in Abu Dhabi, United Arab Emirates. [5]
Resource justice (also referred to as "resource equity" or "resource governance") is a term in environmentalism and in environmental ethics.It combines elements of distributive justice and environmental justice and is based on the observation that many countries rich in natural resources such as minerals and other raw materials nevertheless experience high levels of poverty (resource curse).
Zambian exports in 2006. Zambia is a developing country, and it achieved middle-income status in 2011.Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). [18]
Mopani Mine in Zambia. Mining in Zambia produces several minerals and is a critical part of the country's economy. Copper comprises 70% of Zambia's total export earnings, and the country produces about 20% of the world's emeralds. [1] Mineral resources are distributed throughout the country. [2] Zambia produced 763,287 metric tons of copper in ...
Despite being rich in natural resources, the Democratic Republic of Congo is one country in the global south suffering from the effects of the resource curse. Its valuable copper and cobalt mineral deposits make Congo vulnerable to local and international conflict over the distribution of resources.
First Quantum was founded in 1983 under the name Xenium Resources. It changed its name to Zeal Capital in 1989, First Quantum Ventures in 1993, and First Quantum Minerals in 1996. [ 6 ] Its first significant operation was the Bwana Mkubwa mine in Zambia , acquired in 1996.
Kansanshi mine is a large open-pit copper and gold mine in Solwezi in the North-Western Province of Zambia.The mine is located 10 km north of the town of Solwezi. Kansanshi has one of the largest copper reserves in Zambia, with estimated reserves of 727 million tonnes of ore graded at 0.86% copper.