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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]
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.
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).
*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]
11–12 August – The border between the Democratic Republic of the Congo and Zambia is closed due to a dispute over the importation of beverages from Zambia. [5] 22 August – A health warning is raised over the consumption of contaminated maize following the deaths of 400 dogs nationwide in July due to aflatoxins found in samples of the crop ...
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From Chingola in Zambia's copperbelt region, lead claimant Dominic Liswaniso Lungowe and another 1,825 Zambian citizens [3] claimed that Vedanta Resources plc had breached its duty of care to ensure that its Zambian subsidiary, Konkola Copper Mines Plc, ("KCM") would not harm the environment and local communities.